中信建投智信物联网灵活配置混合型证券投资基金招募说明书(更新)查看PDF公告

 
 
 
 
 
中信建投基金管理有限公司 
 
 
中信建投基信金管理有限公司

投 
 
 
 
 
 
中信建投基金管理有限中信建投公司
 
中信建基金管理公司
 
 
 
中信中建投基金 
中信建投基信金管理有限公司
投












































  
1 
中信 
中信建投........................................................................................................................................... 1 
基金管理 有限 ................................................................................................................................. 3 
基公管理 司
 ................................................................................................................................. 4 
基管理  ..................................................................................................................... 9 
基管理 ................................................................................................................... 19 
基管理  ............................................................................................................... 24 
基管理  ! ................................................................................................................... 41 
基"管理 #$%& ........................................................................................................... 42 
基'管理 ()*+,-. ............................................................................................... 43 
基/管理 01 ................................................................................................................... 54 
基2管理 34 ................................................................................................................... 67 
基2金管理 56 ............................................................................................................... 70 
基2公管理 1678 ........................................................................................................... 71 
基2管理 9:,理; ................................................................................................... 77 
基2管理 <=,>9 ....................................................................................................... 79 
基2管理 ?@,A@ ................................................................................................... 82 
基2管理 BCDE ....................................................................................................... 83 
基2"管理 FGH投 ................................................................................................................... 90 
基2'管理 #$IJKLM,56NO ........................................................... 95 
基2/管理 #$PQR信 ................................................................................................... 97 
基公2管理 STPQR信 ..................................................................................... 113 
基公2金管理 U()VW ................................................................................. 132 
基公2公管理 XYZDE[\ ................................................................................................. 134 
基公2管理 ] ^_`abcdefg ............................................................................. 136 
基公2管理 hdij ............................................................................................................. 137 
中信建投基信金管理有限公司
投












































  
1 
 
管理有限 
 
中信建投基信金管理有限公司
投
 !"# 2015$ 8% 5&'(中)*+*,-.2015/190001234
5# 2016$ 3% 31&'(中)*+67*89:#中信建投基信金
管理有限公司
投;<=>?@A679A[2016]673
0BCD;E4F# 2016$ 8% 3&GHIJ4 
8KLMNOPQ?RSTUVDWVXY4NOPQZ中
)*+23B[中)*+\?23B5]^P_\?`a
bcdefUghijkMBl]^P投#mnop4中)*+]
\?投`aqrstuvefUghijkwM4 
8KLxyz{|}V~U信V???????8Kb???B
[]M????Bl]M??cd??`?-?-?B?]M
???nL????@_?投4 
投#rsB?a+??rs??v???I??B投
w?￠￡?n???¤￥cdBF|§¨?a?投op4投
中?op??-?Y?ˉ°VZ±V2+v3′??\rs`??Iμ?
·?1?o?hopB???n??o?hopBà#???nLá?
???@?I???hopB8KL?8KUèéê中?I?8K
opB???opv4?
?有限公司
Bì











































  
2 
 
?fB???????hopB?·\cd?1μ?4?
?投???????B?投#???B?§¨′R?
r???ò投??FopüB?ē§¨?????nop4?
投nopB投L?投taēT??NOPQVFV
?????v信?ěě1?B????op§￥??B??ij?投
`aB???f投??B??§¨投op4?é?úè5]ì?_?
ê^?48KL8K?_??úè5]71īúè^??M4 
8KLī?投L投??w????B?投Lef投?
??B??????a???Y?投opBà投L????4 
?ī?NOPQ￡?RS??&? 2021 $ 4 % 28 &Bn:?e?￠
b?a??&? 2021$ 3% 31&?e?￠?Z??4?8L中信?
???n????C???ī?NOPQ4 
中信建投基信金管理有限公司
投












































  
3 
 
公建司
  
 
?中信建投基信金管理有限公司
投NOPQ?
NOPQkNOPQx￠?中ńL??b)投??V
???投?e8K???V???投ň?67*?
8K???V???投信?ěě8K???V?????H
投??hop8Ky?????hop8Ky??vn:?
ōV?yq?中信建投基信金管理有限公司
投?
Fō?4?
NOPQ?RS??中信建投基信金管理有限公司
投
?投??V投K?V投??Vopqē?V
 ?b?@?ê?q??v?投n:?￡n?:??B投w??f投
??ta????NOPQB52?8KL\NOPQěě??
ī信?4?
8KL§?NOPQ]????????V?üh??kw???
?B5\_TUhVDWhVXYh§¨?ō??4?
ū?￠NOPQ￡?P?? !?48KLmnū?
k????_?Lī???NOPQ中?P?信?Bk\NOPQe?
???kwOP4?
NOPQ?￠?Fō?B5Z中)*+234F
ūó?F??L????V?e??ō1?4投L?xF?
(??B?1????nLbF??LB_?n?????
??^P_\F?§ēb?￥B5?y???VFq_?n
:y?¤n??V§¨?e4投L??????nL???b?eB
a????F4?
中信建投基信金管理有限公司
投












































  
4 
 
公中司
  
 
?NOPQ中B??1??n￡?B???k?n???- 
1Vk-?中信建投基信金管理有限公司
投 
2V8KL-?中信建投8Kn??? 
3V?8L-?中信????n??? 
4VF-??中信建投基信金管理有限公司
投
F?q\F???nJ??b?? 
5V?8??-?8KL??8L?????中信建投基信
金管理有限公司
投?8???q\??8?????nJ??
b?? 
6VNOPQkNOPQ-??中信建投基信金管理有限公司

投NOPQ?q_?ī 
7V?????-??中信建投基信金管理有限公司
投
??????q_?ī 
8V??????-??中信建投基信金管理有限公司
投
??????? 
9V?ō?y-?中)??nJ5??Uè??ōV?ˉ?yVy?h1?V
????V?ˉy?q_?\F??Lnó?????V??V??v 
10V???-? 2003$ 10% 28&Z????)L??^?+?eū?
+???+??éB2012 $ 12 % 28 &Z?????)L??^?+?eū?
+????+???B? 2013$ 6% 1&?UèB5Z 2015$ 4% 24&??
???)L??^?+?eū?+????+???)L??^?+?eū?+
:#??<中ńL??b)???>v?9?ō????????中ńL??b
)投??q??6:\_]|?f??? 
11V?ň????-?中)*+ 2020$ 8% 28&??VF$ 10% 1&U
è????投ň?67*?8K???q??6:\_]|?f
??? 
12V?信?ěě???-?中)*+ 2019 $ 7 % 26 &??VF$ 9 % 1
中信建投基信金管理有限公司
投












































  
5 
 
&Uè?B5Z 2020$ 3% 20&中)*+?:#??9?











































  
6 
 
?K??? ?V?@V??V??8q???X∥B5'(中)*+Q?Wē?
&< 
31VF??&-?Fy??F???àf??B?
???X∥B?????中)*+=>5????&< 
32V<-???????&???????&??











































  
7 
 
ūy?8KL￡8K???H投??ǎ??úey?Bà8
KLb投L?Fǐ} 
40Vē?-??











































  
8 
 
ē????]F??? 
54VA???-??投w ?|c? ??·]????
中?īň??e?B??@|?￠?n











































  
9 
 
公司
  
 
?V8KL???
?-中信建投8Kn????
?￡-??r????????????0????
????-??r??????R???0??中?????V????
?ˉō?-???????
???^L-???
1?&<-????$?%?&?
?D??6:-中)*+?
?D??10-*,-.????/????0?
Z???-Vň?V?????8KV?8Kb中)*
+,-?_?úe4?
???H-n??????
23-????????
管oL-?ěě?
??-?????????????
??




??B?B1976$ 10%IB中))?B??B中???B???????
?I??4??ń???n??????Ví?úe??B中信建投?
?n???í?úe??VǜZK?KV?§ň9?ˉ??LB??中信建投
8Kn????ūQ?V??EB??中信建投??n?????ū?
+ū?V67úeū?+??V投??úeū?+管???4 
?B?B1971$ 12%IB中))?B??B中???B???????
???I??4??ń???8Kǜ9ǜZK?KV中信建投????
中信建投基信金管理有限公司
投












































  
10 
 
?ǜZKV中信建投?????中?ǜZKV中信建投?????中?
ǜZKB??中信建投8Kn????ū?Q?V???EVǜZK4 
??B?B1978$ 1%IB中))?B??B中???B∥ú#中)L?
??+???úB????I??4??中)??ǜ????e9????V
中?投ɑ?)???投n????e9ì?ù?ùE???eV中?投
??e9ù?8???eV中)??)?????n????投
9ǜZK???E?????v|42017 $ 4 %???????en????
??eB???ǜZK?K?????9??+???9EV中信建投
8Kn?????4 
???B?B1972$ 3%IB中))?B??B?建+?B??????
??I??4????????ɡǜ??e?9???vB????????
ɡǜ???e?9??V中信建投8Kn?????4 
í?B?B1968$ 6%IB中))?B??B??B??6????中
??????4????????ī????ún??????9í?ê?
?Vń????????9?ZKV?ń8Kn???信???9ǜ*V
?18Kn???信???9ǜ*V中信建投8Kn???ǜZK?K
vB??中信建投8Kn????ǜZKV|???B??中信建投8
Kn?????信??V??信8K??n?????*?4 
???B?B1962$ 11%IB中))?B??B中???B中??Z??
????I??4??中??Z????V??V???V??vB??中)2
+???Z±??￡???B??)?2+???????V中)????
??????V?)??????ū?+ū?VZ±??????ū?+?
??V中信建投8Kn???????4 
??B?B1980$ 1%IB中))?B??B中???B中)?ú???
???I??4??中)?ú??Z±8K???o??V中)?ú??MBA
??中???9Q?V?ī基??ó???V中信建投8Kn??????
?4 
???B?B1966$ 10%IB中))?B??B中???B??????
?ō???ú?B'??????4????r\üZ±ō??e￡ō?V?
中信建投基信金管理有限公司
投












































  
11 
 
?r?bō??e￡???L/ō?B??中??????bō??e￡?ǜ
?Q?V?????bō??e￡?L/ō?V??rL??ū+?????
?V中信建投8Kn???????4 
??B?B1977$ 11%IB中))?B??B中???B??K???8
K?Z±????B??Iü?4????K???8K?Z±???ú??管
??中????V中)+??+?e8K?+K?V??金ú??n???
????V???????n???????V???~??理?????n
???????V中???????n???????V中信建投8Kn?
??????4 
2V*?+1??
??B?B1966$ 2%IB中))?B????L?B中)L?????
??4??|#????信??ú9+??8V中)rs????中?
??9?ú???V??+???e￡??923+??Vń?úe?8vB
??中信建投??n?????ū?+ū?V??op?Vop8K9?ˉ
??LV??ǜZKV中信建投8Kn???*?+??4 
??B?B1982$ 11%IB中))?B中???B∥ú#???????
?Z±8K??8K????ê?úB????I??4??|#?????e
n?????op8K9信?ˉ??ā?V信????Bop8K??ō9??
op8K?V投op8K?V??hop8K?B???????en???
??op8K??ō9?9EV中信建投8Kn???*?4 
??B?B1983$ 7%IB中))?B中???B????????I?
?4????????ɡǜ?投8K9úe?????EvB???????
?ɡǜ??投8K9úe????EV中信建投8Kn???*?4 
??B?B1979$ 6%IB中))?B????L?B中)L?????
I9????I??4??|#中信建投??n????§ň9V?ň
???9Vrs9B??中信建投8Kn???ǜZK?KV???
8K9??LV??信8K??n???ǜZKB??中信建投8
Kn???ǜZK?KV|?*?B????信8K??n?????
??4 
中信建投基信金管理有限公司
投












































  
12 
 
??B?B1978$ 12%IB中))?B中???B中??Z?????4
??|#ń????????ú9???e9Vń???n?????
??9V中信建投??n???????9V中信建投??n???ǜ
????B??中信建投8Kn???ǜZK?KV|?*?4 
?M?B?B1984$ 2%IB中))?B中???B中???????
?4??中?)?n????????ú9??ZKV)??n??
??=?23??+?V)?8Kn?????9í?23?
?+?B??中信建投8Kn????ūū?V??8K9?ˉ??LV|
?*?4 
3Ví?8KL??
???IB??????EB?F?4 
??IB???????EVǜZKB?F?4 
í??IB?????ǜZKV|???B?F?4 
????IBǜ??]????T???????I??4??中?











































  
13 
 
% ??&?¨?中信建投基信金管理有限公司
投ZK4?
??ZK-????$?%?&?????$?% ??&B??V???
????$?%??&?????$?%??&B??V??V????????$?%??
&?????$?%??&B??V????????$?% ??&?????$?%??&B
????????$?% ??&??B???V??4?
?V投??ū?+1??
??IB?F?4?
????I ????b????金?????4??īń8K??n?
??ZKB??中信建投8Kn????d投9?ˉ??LVZ
K4?
,??IB中??Z???????4??中)?ˉ???投??V中
信????n?????cd投ZKB??中信建投8Kn?????c
d9?ˉ??LVZK4?
???IB中)2+?????I?Z±???4??中??????
?B??rs???eB??中信建投8Kn????d投9ǜ*V
ZK4?
????IB?F?4?
V???L????]????ó:o4?
?V8KL?|??
1Vx?B?Kkwū?Z中)*+ē??_?67???K
?????V ?V?@b????4 
2V?K=>??4 
3V??F?IJ?&?B~U信V???????8Kb?
??4 
4V公=????n?ú??L???投??V??B?ú??
Z?ǎH8Kb?e??4 
5V建???R9op??V*??ˇCV?e8KqL?8Kv?āBM
￡8K???b8KL???????B\￡8K?]F??8
KB????B??投4 
6V?x￠???V?F?q_?n:y?üB](???
中信建投基信金管理有限公司
投












































  
14 
 
???q????Lˉ??dB](ū???L?e??4 
7Vx??￥?8L?*?4 
8Vˊ?ˋ?K??è?????ē?V ?V?@b2ň`??ǎ
???F?v?ō1??y?B?n:y???5???a信?B
W??? ?V?@?`?4 
9V??+?C?5ō??e+???4 
10Vō??ā??V中Bq|????nL
?公cd4 
14V?y?￥K ???@ !Bq|V?????@ǘ?4 
15Vx￠???V?F?q_?n:y?????nL?+
k公?8LV???nLx?????nL?+4 
16V?y?M???8Kúe限??+??3V?^V??b_??:
? 15$?4 
17VWM???投wī????1?k??y?|??fB5?M
投w???y?F?y??|?bǎHB?|??×?n:??
??B5???K1???(×n:???˙?4 
18V??5?ǜ??????B?????M8V?KV?`V?
?b?公4 
19V????Vx???ňkw?x?????|Bq|??中)*+5
???8L4 
20V?ò??F?üY???ùúkù????nL??
d|Ba?§¨????B_????]?_??·??4 
21V*??8L??ō?yb?F?y???????eB
中信建投基信金管理有限公司
投












































  
15 
 
?8Lò??F??1??ùú|B8KLa????nL
?d??8L??4 
22V?8KLē_?eū???ǎùK|Ba?\??ǎùKn:
?e???§¨??4 
23V8KL??B?^???nL?d??????kUè_?
?ō??4



24V8KL???B?F?]?I
JB8KL§¨?9?Bē"5ǜ???F<限











































  
16 
 
2ò??ō?yVFk?8??? 
3??ù????nLkF_???L???d? 
4??中)*+????中??e?? 
5??V??V??k??μ?中)*+x?*8? 
6??|}V?|?B]?yy???|?? 
7?ě??|











































  
17 
 
??KV????V??íJ?R9???oB5?????X??R9??
?ā4 
1VR9???? 
1M8KLZ??eǐ})??ō?yb?ú*8y?B???
1}?Z?Vy??e?Z???bZ?K?4 
2??b??Z?opBīíZ?8KJdBWMZ?úe?????
b￥?????XYBU???V??V????4 
3WM8KLb?eq_?信??TUVDWVq|VXY4 
2VR9???? 
1??h??4R9??6???8KL???úeV??9?b
??L?B5??×??V??V*?V??v??3?4 
2nJh??4?é???R9???ǎbǎ?B建?K?R9??
ê?B??R9???nJ??4 
3??h??48KL?67V9?b??|?M??\??B
?V?n??V_????e???á4 
4???ó??48KLR99?b????司???PV???
?4 
51Jd??48KL?????Z?8Kǎ?÷??e1B
īíZ±JdBK???1?×???R9??J?4 
3VR9??RS 
8KL?R9???ǐ建?-]?S|e??á?6?VX?????
??Vy????8K?èVXY?信??M?o?V???????VnJ
?op??o?b???a6?v48KLǐ})?n:?ō?yBǐ?
?yh??V??h??V??h??bˋ|h??B???o?X??R9
???ā4R9???RS??投8Kúe??V信?ěě??V信???o
???V+?o???qR9ˇC??v4 
4V8KL:#R9???ā?PQ 
18KL§??:#R9???ā?ěěTUVDW4 
28KL§??￠rs??b8KLúe??]jX?R9?
中信建投基信金管理有限公司
投












































  
18 
 
??ā4
中信建投基信金管理有限公司
投












































  
19 
 
公基司

 
?V?8L?? 
?-中信????n???中信?? 
?￡-??r????ń? 100? 10? 6-30?V32-42? 
????-??r????ń? 100? 10? 6-30?V32-42? 
???^L-??? 
1?|?-1987$ 4% 20& 
???H-??n??? 
23-489.35??L?D 
??











































  
20 
 
???·???RüB?中)Z±建??f?????42007$ 4%B中信?
?U??????￡b??管??￡ A+H?F??r4 
中信??建?1?n¨?Vn?āVn??Vn`a?????
?eī?w????uB????中信??+Uú???a?B??
???V????V????V???VyZ?VL???B?ìú
??b67??ī?????úeV)?úeV?rsúeV67úeV投
??úeV????úeV?8úev????ǎ>B??L??ī???
??V信?V???V??8KVíL??Vf)?V????v???
???q?eB?ǎ???ìúV67q?L??????e?ǐ4 
?? 2020$?B中信???)R 153??中?r?n 1,405??ú理?B
?′Rü?中信)????n???V信???投n???V中信
???n???V信?K?n?????V中信?信????n???V??
??b????中信??????n??? 7??ó674_中B中信)??
??n??????中信??)????V??V?óV???Vīǜ?b
中)R??n 34??ú理?b 2??e中?4信???投n?????
?b′R?n 3????4信?K?n??????中信???K????4
中信?信????n????中信????ā???????)R???n?
??L???ň??4? ??????????n 7??ú理?b 1?íL
??中?4



中信?????eU?Z±B??Z?B?|??4Zé 30?$???B
中信??"1???ǜ?yt? 7???V??L?? 6??B?n???
U?b????????42020$B中信????)????????
????? 500????中??? 21??中信??????)?????
???? 1000?????中??? 24?4 
?V??L??? 
ǎ??IB中信??????V?E??eǜ*4ǎ?I# 2018$ 9%
ǜ?中信????+4ǎ?I? 2014$ 8%??中信???ūū?B2014$ 11
%??中信????EB2017$ 1%???中信???eǜ*B2019$ 2%?
?中信???ū?Q?4ǎ?I?F|¨?信???投n???V中信?
中信建投基信金管理有限公司
投












































  
21 
 
?)?n???q中信)????n?????4?tBǎ?I# 2013
$ 5%? 2015$ 1%?中信???rsúeǜ*B2014$ 5%? 2014$ 9
%??中信???????ūQ?V?E?2007$ 3%? 2013$ 5%?中信?
??????ūQ?V?E?2003$ 9%? 2007$ 3%??中信??????
?E?KV?ūū?V??E?1996$ 12%? 2003$ 9%?中信?????
??eB??信?9?EV?ǜZKB?????EV??Q?B)???9?
ǜZKB??úe9?ǜZKB?ú9ǜZK?1996$ 7%? 1996$ 12%?
????????????ù????1992$ 12%? 1996$ 7%?????
??U??r信2信?9?eB??信??VZKVǜZK?K?1991$ 7
%? 1992$ 12%??????????4ǎ?I?í?Z±?B∥ú#???
?B'í?8KL???8K????B?n???$中)??ú?úZ?4 
????IB中信????EB?8?8úe4??I? 2019$ 6%?¨
?中信????EB? 2019$ 2%?¨?中信???ūū?4?tB??I#
2015$ 7%? 2019$ 1%?中)????????ūQ?V?ūū?42012
$ 3%? 2015$ 7%?中)f?信Mp??ǜZK?KB











































  
22 
 
?8Kū?+?DB?(?8L?4中信?? ?~U信V??{?
???B?U???8L|?4 
?? 2021$???ā?B中信???8 202???投B
q??V???8K??V信???Vìú$V??VQDII
v_??8?B?8ǜyt?× 10.97???L?D4 
?V?8L?R9???ā 
1VR9????4??R98KBWMn:?ō?yqy???8ú
e中(×??????????建?X??y??ābǔeyêBM?8
úe??V?????ǜ?ˇC*?B建?íJ?op*??oBq|nJ??
?V??V??b??opBWM????B?????nL?d4 
2V R9?????74中信??ǜ?建??op8Kū?+B?????
op??bop???e??89R?R?y?B?????89R9op?
?B\?8úe????e3?búe?ê????V??V?G?ˇC*
?4 
3VR9???ā4中信?????y???q_??ō?yqy?
?y?B??b???8úeop???B????中信???8ú
e8K???V?中信???8úeR9??8K???b?中信???8ú
eR???Uè???v?Y?y??āB??投?8úe???3
?BM投?8úe?VyV??V????4 
4VR9???è4建????y??āVǔe?êV??|?V??y?
vB??ā?VL??M?8úe?????建????M8???
金g??B\úe??s￡U???8KB???9?b???????M??B
?????V??*?o?BM信?????建????R9????b
úe??8Kv?āBWM￡?8?????????????R9??3
′B???ǘ?H?????Bǜ?|ú????4 
?V?8L\8KL?e??*??ǎ?bê? 
?8L?￠???V??e???V?信?ěě???VFV?
8??bn:?ō?yqy??y?B\?投?eV??a??V
???a??Vac×?V???qc?W?Vcd?公V
中信建投基信金管理有限公司
投












































  
23 
 
?:信?ěěV??????中???úè^??￠v??*?bC
?4 
??8L??8KLò ????V??e???V?信?ěě???V
Fbn:?ō?yqy????Bēq|Q??H??8KL?<
?G4??











































  
24 
 
公司
  
 
?V??ň?67 
1V?ň67 
1?ň中? 
?-中信建投8Kn??? 
?￡-??r??????????? 30? 1? 
???^L-?? 
????-??r??????R?? 20??中? B? 19? 
?T-010-59100298 
管oL-??? 
???e??-4009-108-108 
理?-www.cfund108.com 
2理??ň 
?ň理?-www.cfund108.com 
2V_?ň?67 
1??????n??? 
?￡-??r??ī???中? 1880 
????-??r??ī???中? 1880 
???^L-??? 
管oL-?? 
理?-www.95559.com.cn 
???e??-95559 
2N?????n??? 
?￡-??r??????? 70880N????? 
????-??r??????? 70880N????? 
???^L-?建? 
管oL-??? 
理?-www.cmbchina.com 
中信建投基信金管理有限公司
投












































  
25 
 
???e??-95555 
3中信????n??? 
?￡-??r????ń? 100? 10? 6-30?V32-42? 
????-??r????ń? 100? 10? 6-30?V32-42? 
???^L-??? 
管oL-??? 
理?-www.citicbank.com 
???e??-95558 
4??????????n??? 
?￡-??r中???? 120 
????-??r中???? 120 
???^L-?? 
管oL-ΑΒ 
理?-www.spdb.com.cn 
???e??-95528 
5??????n??? 
?￡-??rΓ?????Δ 170?? 
????-??rΓ?????Ε 170 
???^L-??Ζ 
管oL-?Η 
理?-www.bankofbeijing.com.cn 
???e??-95526 
6?????ú????n??? 
?￡-??rΓ??%Θ?? 10? 20? 
????-??rΓ??%Θ?? 10? 20? 
???^L-?? 
管oL-??? 
理?-www.bjrcb.com 
???e??-96198 
中信建投基信金管理有限公司
投












































  
26 
 
7??rīΙ?投??n??? 
?￡-??r?????????? 1780ń??? 27? 2704 
????-??r?????????? 1780ń??? 27? 2704 
???^L-ΚΛ 
管oL-ΜΝ1 
理?-www.xinlande.com.cn 
???e??-400-166-1188 
8????M?ň?n??? 
?￡-??ríΞ?Z±????Ο?? 470 
????-?????rΠ??中??? 20Ρ????? 2005? 
???^L-ΣΤ? 
管oL-??Υ 
理?-www.huilinbd.com 
???e??-025-66046166-849 
9ΦΧ??ň?n??? 
?￡-ΓΨΩ?r??ī????? 1513? 
????-ΓΨΩ?r??ī????? 1513? 
???^L-??G 
管oL-?? 
理?-www.xiquefund.com 
???e??-400-699-7719 
10????ň?n??? 
?￡-??r?????? 1900 20??? 
????-??r??????? 880??ǎ???? 
???^L-_U 
管oL-?α? 
理?-www.1234567.com.cn 
???e??-95021V400-1818-188 
11????ň?n??? 
中信建投基信金管理有限公司
投












































  
27 
 
?￡-??rβ??γ?? 1960 260? 2? 410 
????-??r??ī????? 11180δ???)??? 903~906? 
???^L-?1? 
管oL-??ε 
理?-www.howbuy.com 
???e??-400-700-9665 
12ζη??ň?n??? 
?￡-?????r???????1?Γ? 9690 3θ 5? 599? 
????-?????r???????1?Γ? 9690 3θ 5? 599? 
???^L-ι)P 
管oL-κλΒ 
理?-www.antfortune.com 
???e??-95188 
13??E?ň?n??? 
?￡-??r??ī?í?? 5260 2θ 220? 
????-??r??ī??ǎ? 12670??μ??e?s?< 11? 
???^L-??? 
管oL-?ν 
理?-www.erichfund.com 
???e??-400-820-2899 
14??Fξοň?n??? 
?￡-?????r1?Γ??0?π?? 903? 
????-??rΓ??1?Γ? 10?π?? 903? 
???^L-Σ? 
管oL-?ρρ 
理?-www.5ifund.com 
???e??-952555 
15???(ň?n??? 
?￡-??rΝ???σ? 54750 1033? 
中信建投基信金管理有限公司
投












































  
28 
 
????-??rβ?????? 10980??)???s 53? 
???^L-??? 
管oL-?τ 
理?-www.leadfund.com.cn 
???e??-95733 
16??中<|?ň?n??? 
?￡-??r???建)?ü?ń? 140 1θ 11? 11030 
????-??r????ń? 160中











































  
29 
 
???^L-?? 
管oL-?? 
理?-www.snjijin.com 
???e??-95177 
20?????信ň?n??? 
?￡-??r?????3?? 190? 701R 09? 
????-??r?????3?? 190? 701R 09? 
???^L-??? 
管oL-?? 
理?-www.igesafe.com 
???e??-400-066-8586 
21????P?ň?n??? 
?￡-??rZ±?????υ??? 100?? 5122? 
????-??r?????3中? 200?1中? A? 23? 
???^L-?? 
管oL-?ν 
理?-www.chtfund.com 
???e??-400-898-0618 
22???1ň?n??? 
?￡-??rΓ??Γ??ü?? 10? 20? 17? 19C13 
????-??rΓ??Γ??ü?? 10? 20? 17? 19C13 
???^L-??? 
管oL-#?? 
理?-www.hcjijin.com 
???e??-400-619-9059 
23??????ň?n??? 
?￡-??r???Ν??? 10? 200? 9? 101-14 
????-??r???Ν??? 10? 200? 9? 101-14 
???^L-Σ?? 
中信建投基信金管理有限公司
投












































  
30 
 
管oL-?? 
理?-www.yilucaifu.com 
???e??-400-001-1566 
24???uň?n??? 
?￡-??r???中:??? 180 10? 11? B-1108 
????-??r???中:??? 180 10? 11? B-1108 
???^L-??? 
管oL-?? 
理?-www.qianjing.com 
???e??-400-893-6885 
25???信ň?n??? 
?￡-??r?ɑ????? 80? 20? 106-67 
????-??r???????)?? 100? 
???^L-??? 
管oL-Σ? 
理?-www.zhixin-inv.com 
???e??-400-680-2123 
26??)?ň?n??? 
?￡-??Z±????????? 790MSDC1-28? 2801 
????-??r????ɑ? 260???? B? 9? 
???^L-??ń 
管oL-?Ν? 
理?-www.gomefund.com 
???e??-400-111-0889 
27±?????ň?n??? 
?￡-??r??????中? 160? 10????? 3? 307ǚ? 
????-??r??????中? 160? 10????? 3? 307ǚ? 
???^L-?? 
管oL-??? 
中信建投基信金管理有限公司
投












































  
31 
 
理?-www.jianfortune.com 
???e??-400-673-7010 
28??管ωň?n??? 
?￡-中)???à????????? 2770 3? 310? 
????-??rEΖ????? 5180 8? 3? 
???^L-?ΒΒ 
管oL-??VΙν 
理?-www.66liantai.com 
???e??-400-118-1188 
29?????ň?n??? 
?￡-??r?u????Γ? 1130 3? 342 
????-??r?u????Γ? 1130 3? 342 
???^L-?E? 
管oL-?? 
理?-www.buyforyou.com.cn 
???e??-400-188-5687 
30???ň?n??? 
?￡-??r?????? 5000 30? 3001ǚ? 
????-??r??ī???中? 4880????? 1503? 
???^L-?? 
管oL-?:? 
理?-www.jiyufund.com.cn 
???e??-400-820-5369 
31??????ň?n??? 
?￡-??r???ΓΨ?? 7650 602-115? 
????-??r???;??? 10???? 4? 
???^L-??? 
管oL-??P 
理?-www.vstonewealth.com 
中信建投基信金管理有限公司
投












































  
32 
 
???e??-400-643-3389 
32????ň?n??? 
?￡-??r????中Γ? 12070 306? 
????-??r??ī???? 1160?ń???? 7? 
???^L-??? 
管oL-Σ?? 
理?-www.pytz.cn 
???e??-021-68889082 
33??r??ň?n??? 
?￡-??r??????? 17-1903??? B? 601? 
????-??r??????? 17-1903??? B? 601? 
???^L-?? 
管oL-?? 
理?-www.buyfunds.cn 
???e??-400-027-9899 
34???￡ň?n??? 
?￡-??r??ī???μ3? 13330 14? 09ǚ? 
????-???à???????μ3? 13330 14? 09ǚ? 
???^L-??? 
管oL-ê? 
理?-www.lufunds.com 
???e??-400-821-9031 
35Ё???ň?n??? 
?￡-Ё?r??ī?Νń? 60 105?-3491 
????-?????r?Ё?????? 1 0M?)??s??
B1201-1203 
???^L-?? 
管oL-??? 
理?-www.yingmi.cn 
中信建投基信金管理有限公司
投












































  
33 
 
???e??-020-89629066 
36b??§ň?n??? 
?￡-??????????????o????Ζ?? 6 0? 5 ?
503 
????-???????????(??)?o????Ζ?? 60? 503 
???^L-??? 
管oL-??? 
理?-www.hgccpb.com 
???e??-400-0555-671 
37中???投??n??? 
?￡-??r????8? 10 20? 2-45? 
????-??rΓ?????ü??Δ 103???中? A? 5? 
???^L-??А 
管oL-?? 
理?-www.jnlc.com 
???e??-4008-909-998 
38??Б??ň?n??? 
?￡-??r???Γ?В建??中? 120 170?? 157 
????-??r????ГZ±?????????? 180????
ǜ9 A? 17? 
???^L-??Ζ 
管oL-??? 
理?-www.kenterui.jd.com 
???e??-95118V400-098-8511 
39?á理ň?n??? 
?￡-ДΖ??árЕ????Θ? 220???? 2? 202? 
????-ДΖ??árЕ????Θ? 220???? 2? 202? 
???^L-Ж?? 
管oL-??З 
中信建投基信金管理有限公司
投












































  
34 
 
理?-www.yibaijin.com 
???e??-4000-899-100 
40??ɑИň?n??? 
?￡-中)(??)?à?????ī?? 270VP%? 12570 1θ 1?
103-1V103-2??? 
????-??r??ī?ī?? 270 10? 
???^L-ЙКP 
管oL-?? 
理?-www.zhengtongfunds.com 
???e??-400-820-1515 
41??ЛМň?n??? 
?￡-??r????Н? 340? 60? 15? 1501? 
????-??r????Н? 340? 60? 15? 1501? 
???^L-ОПП 
管oL-?Р 
理?-www.danjuanapp.com 
???e??-400-159-9288 
42??t??Сň?n??? 
?￡-??rt???e?????ТИ?? 1280???投中
? 412 
????-??r?????И??IУФ?? 11Х A? 3608? 
???^L-??? 
管oL-?ЦΖ 
理?-www.caiho.cn 
???e??-400-128-6800 
43????ň???n??? 
?￡-?????中??e?ЧШ?? 19880Щ??????? 2-2413
? 
????-??rΓ??????????F 280???Mp?? A? 5
中信建投基信金管理有限公司
投












































  
35 
 
? 
???^L-?? 
管oL-?P? 
理?-www.wanjiawealth.com 
???e??-010-59013895 
44中信建投











































  
36 
 
???e??-95587 
47中信??n??? 
?￡-?????r???中??? 80Ь?|??s(?<)?? 
????-??r????в?? 480中信?? 
???^L-?гд 
管oL-веж 
理?-www.cs.ecitic.com 
???e??-95548 
48中信??n????? 
?￡-???азrи????? 2220 10? 2001 
????-???азrr????Γ? 280???s?? 5? 
???^L-Α?? 
管oL-веж?ňúeV?й% 
理?-sd.citics.com 
???e??-95548 
49?Σ??n??? 
?￡-???úФ?к?? 50 
????-???úФ?к?? 50 
???^L-?? 
管oL-?? 
理?-www.dwjq.com.cn 
???e??-95330 
50信???n??? 
?￡-??rΓ??лr??? 90? 10? 
????-??rΓ??лr??? 90? 10? 
???^L-?? 
管oL-??й 
理?-www.cindasc.com 
???e??-95321 
中信建投基信金管理有限公司
投












































  
37 
 
51E???n??? 
?￡-??r????????? 20260??????? 10-19? 
????-??r????????? 20260??????? 10-19? 
???^L-мυ 
管oL-?н? 
理?-www.cgws.com 
???e??-95514V400-666-6888 
52中信ń???n??? 
?￡-??r???Ё?Γ? 50 501? 
????-??r???Ё?Γ? 50??)??中??? 19?V20? 
???^L-?оɑ 
管oL-?? 
理?-www.gzs.com.cn 
???e??-95548 
53????n??? 
?￡-?????;пΓ? 230投?s 18? 
????-??r??ī??ǎ? 19280???? 
???^L-?р1 
管oL-??α 
理?-www.longone.com.cn 
???e??-95531V400-8888-588 
54?ω??n??? 
?￡-R???°??b??rī???Ω??????????ú?? 
????-中)??rΓ????? 170中)Lс中? 11? 
???^L-т?? 
管oL-у? 
理?-www.cnht.com.cn 
???e??-956088 
55中ω??n??? 
中信建投基信金管理有限公司
投












































  
38 
 
?￡-???±?rr中?Z?? 860 
????-???±?rr中?Z?? 860 
???^L-?? 
管oL-Σ? 
理?-www.zts.com.cn 
???e??-95538 
56?ǎ????n??? 
?￡-ΓΨ?°?Ω?r??ī?)?ǜ9? 10Х? 
????-??r??????? 880?ǎ???? 
???^L-??ф 
管oL-?? 
理?-www.18.cn 
???e??-95357 
57??n??? 
?￡-??Щr?х?ц?? 560 
????-??ЩrЗ???ī?? 8330 
???^L-?Κ? 
管oL-Α?? 
理?-www.jhzq.com.cn 
???e??-400-666-2288 
58)??n??? 
?￡-1?rач?????? 950 
????-??r??ī??ш? 10880?щ)??? 
???^L-ъɑ 
管oL-ыьVΗ建? 
理?-www.gjzq.com.cn 
???e??-95310 
59??n????? 
?￡-??r?????中?ń?????V???? 
中信建投基信金管理有限公司
投












































  
39 
 
????-??r?????中?ń?????V???? 
???^L-э?? 
管oL-??? 
理?-www.ydzq.sgcc.com.cn 
???e??-4000-188-688 
60??LсMp??n??? 
?￡-?????rЧШ? 360-10??????s 16? 
????-??r??????ü??ю 120? 10яω)??? 12? 
???^L-?? 
管oL-?? 
理?-fund.sinosig.com 
???e??-95510 
61??ā??ň?n??? 
?￡-??r???Γ???? 100?Γ? 40? 
????-??r???Γ???? 100?Γ? 40? 
???^L-ёī 
管oL-??? 
理?-www.duxiaomanfund.com 






???e??-95055 
3V8KL-?￠???V??e???V?ň????b
Fv?y?B??_???ǐ?67?Kň?B5q|??4 
?V??67 
?-中信建投8Kn??? 
?￡-??r??????????? 30? 1? 
???^L-?? 
????-??r??????R?? 20??中? B? 17V19? 
??-010-59100230 
?T-010-59100298 
管oL-?M? 
中信建投基信金管理有限公司
投












































  
40 
 
?Vf??ō??Q?ō??e￡ 
?-??r??ō??e￡ 
?￡-??r??ī???中? 680|??中? 19? 
????-??r??ī???中? 680|??中? 19? 
??L-κ? 
??-021-31358666 
?T-021-31358600 
Z?ō?-ΗPV?? 
管oL-?? 
?V?????+???e￡ 
?-?ń??中?+???e￡????? 
?￡-??r??ī???μ3? 13180к????? 6? 
????-??r????Щ? 202 0??ìú?s???ń??中? 11
? 
???^L-?? 
??-021-23233277 
?T-021-23238800 
管oL-?? 






Z?23+??-??V??? 
中信建投基信金管理有限公司
投












































  
41 
 
公!司
 "#$ 
 
 !"# 2015$ 8% 5&'(中)*+*,-.2015/1900
012345# 2016$ 3% 31&'(中)*+67*89:#中信
建投基信金管理有限公司
投;<=>?@A679A
[2016]6730BCD;E4 
??ó??HB??











































  
42 
 
公%司
 &'"() 
 
?VF?IJ|? 
F"# 2016$ 8% 3&GHIJB??&?B8KL
GH??8K4 
?V??B????eǎHV?_?5kw??FvB5??
???nL?+??^?4 
?ō?y?ny?|B?_y?4 
中信建投基信金管理有限公司
投












































  
43 
 
公*司
 +,"-./01 
 
?V ?b?@s￡ 
? ???@ē?éň?67??4???ň?理?ēà8KL
??:??中?P48KL-?￠????k??ň?67B5?8K
L理???4投wa??ň?67?Kň?úe??ús￡k?ň?
67ī??_?ǎH?K??? ???@4 
?V ?b?@???&q|? 
1V??&q??|? 
投L???&?K??? ?b?@B???K|??????
￡V????￡?G???&???|?B[8KL?￠?ō?yV中
)*+??ǐkF?y????? ?V?@|?ü4 
FIJ?B?f?ī???rsV??￡??|???k_
?????B8KLēɡ??\t???&q??|????a??YB[
a?Uè&txy?信?ěě????n:y??y??????4 
2V ?V?@??&qúe?K|? 
"# 2016 $ 9 % 5 &????K&? ?V?@vúe4 
8KL](?Fó??ü?&











































  
44 
 
8KL-??ō?y?,???B\???????Y48KL
???īy???Uètxy?信?ěě????n:y??y??????4 
?V ???@?ê? 
1V ?b?@? !ǎH 
投L???￠ň?67y??ê?B???&???úe?K|?Rīf
 ?k?@? !4 
2V ?b?@?ǘ??? 
投L ???|B?????? ?ǘ?B投L?? ?ǘ?B 
? !1????67Wē??|B ?IJ4 
???nL???@ !B?@1????67Wē?@|B?@IJ4
投L?@ !1??B8KLē? T?7 &(???&)R???@ǘ?4
??Iǚ??@|Bǘ???????yFn:?ǘùK4 
3V ?b?@ !?Wē 
8KLa??|???t￥KnJ ?b?@ !???e? ?
k?@ !&(T&)B?G???B??67? T+1&R\????n
Jh??Wē4T&ī??nJ !B投La? T+2&?(???&)q|×ň
?理???kň?67y??_?ǎH?? !?Wē??4? ?]1?B
? ?ǘ????投L4 
ň?67\ ?V?@ !?￥K5]?^ !??1?B·??^ň?6
7WU?c× ?V?@ !4 ?V?@?Wē??67?Wē???D4
\# !?Wē??B投waq|??4 
?V ?b?@????? 
1V投w?é_?ň?67k8KL理??ň?? ?????
????L?D 1,000 ?B? ǜ ?ǚ??]???4投w?é?ň中??
? ?????????L?D 20,000 ?B?ǜ ?ǚ??]???4
?ň?67\?? ???q????n_?y??B?ň?67?úey?
?D4 
2V???nL?ň?67?K?@|Bǖ??@ !?????? 1
???????nL-ē_?9k9????@B[ǒ????ú
中信建投基信金管理有限公司
投












































  
45 
 
e??@V??V??8vüYǚ???????????# 1
?|B??9??????F?@4 
3V\ǚ?投L???n???]???4 
4V??￥ ? !\?????nL?d71????]?μ?|B
8KLa?ˊ???ǚ?投w ????kǚ&? ?T???V
???? ?V?? ?v?èB?UM??????nL???d4
??!???:??4 
5V8KLn????ǜyt??B[a???ī???Uèt
xy?信?ěě????n:y??y??????4 
8KL-??ō?y?,???B?Y??y? ??b?@??
v????48KL????YUètxy?信?ěě????n:y??
y??????5?中)*+=>4 
?V? ??b?@? 
1V ?? 
 A???? ??à?? ?L§¨B]????B
??#?rs??Vň?V??v???4C ???]c? 
??B[????中?īň??e?4 
投L-?? ?B ????ǖ? ? !ǚ???4 ???
?- 
k 1l*+











































  
46 
 












































  
47 
 
?ǚ???B????????????ǎ?BM?×???? 2 ?Bà??
I?cdkùúà??§¨4 
2?@???U?Wē?nJ?@????&?????a5
ǖ??a??B?@?ǚ???4????????????ǎ?BM?×
???? 2 ?Bà??I?cdkùúà??§¨4 
2V ?????? 
1?投w?? ? A???B? ???????H?- 
\#ˋT? ???? ?- 
 ?ǜ?= !ǜ? 
? ??= ?ǜ?/1+ ??? 
 ??= ?ǜ??? ?? 
 ???= ?ǜ?? ??/ T & A???????a 
\#ˋ??? ??? ?- 
 ?ǜ?= !ǜ? 
 ??=??? 
? ??? ?ǜ?? ?? 
 ???= ?ǜ?? ??/ T & A???????a 
??-ǒ投L投 40,000.00 ? ? A???B\a? ??
?? 1. 20%B?? ??& A???????a? 1.0400?B?_-
(×? ????- 
 ?ǜ??40,000.00 ? 
? ??=40,000.00/1+1. 50%=39,408.87? 
 ??=40,000?39,408.87=591.13? 
 ???=40,000.00?591.13/1.0400=37,893.14? 
投L投 40,000.00 ? ? A???B?? ??& A?
??????a? 1.0400?B-(× 37,893.14? A???4 
2?投L?? ? C???B? ???????H?- 
 ???= ??/ ??& C???????a 
??-ǒ投L投 50,000.00? ?? C???B?? ??
中信建投基信金管理有限公司
投












































  
48 
 
& C???????a? 1.0500?B?-(×? ????- 
 ???=50,000.00/1.0500=47,619.05? 
?投L投 50,000.00? ?? C???B?? ??& C?
??????a? 1.0500?B?_(× 47,619.05? C???4 
3V?@???? 
?@?=?@???T &?????a??@?? 
?@?=?@???T &?????a??@? 
??-ǒ投L?@ 1 ?? A ???B?n











































  
49 
 
à??I?cdkùúà??§¨4 
?V??k?? ???? 
?I???|B8KL-??k???￥投L? ? !- 
1V?]-??üYā?G??e4 
2V?IFy??????a??|B8KL-???￥
投L? ? !4 
3V/











































  
50 
 
4Vá???k?????&?Iǚ??@4 
5V???￥?@ !ēù??n???nL?d???|B-???
￥投L??@ !4 
6V?t??a&??a 50%???f?ā-???限?rs`
??ˊ?a???üY??`a????]W?h|BZ??8L??W
ē?B8KLa?ˊ?;????@ǘ?k???￥?@ !??è4 
7V?ō?yy?k中)*+ē??_???4 
?I???????8KL?????@k;????@ǘ?|B
8KLa??&?中)*+=>B"Wē??@ !B8KLa?????
??|]?????Baē-??9??ǚ??? !?? !ǜ??T??公
??@ !LB???9?-;











































  
51 
 
?B投L?ī??@ !|-??;











































  
52 
 
3V??I???|??é 1&B8KL??W????ǜ??B5?
￠?信?ěě????y??y???????4 
??V?? 
8KL-?￠?:?ō?yqF?y??????
8KL8K?_??????úeB??-c???????B
?:y?à8KL?|?￠?:?ō?yqF?y???5??B5
īt???8L??:674 
??V????é? 
????é?ū???67￥K?§V??b??????v??
·?I????é?q??67ē-V??ō?y?_????é?4ā?
????ǘ??B?￥ǔ??????ūx?-?n???投
L4 
?§ū????nL??B_?n???à_???§L?§?
??????nLē_??n????????hg?+k2
+?????????ū???67x￠IJ??1Qē???nL?n?
????ǔ??_???LV?Lk_???4?K???é???ī?
??67?ǐī???:?B\#???????é? !???6
7?y??KB5???67y???Dc?4 
??V???8 
???nL-?K"?n???]Fň?67?????8B
ň?67-?yy???Dc???8?4 
??V?











































  
53 
 
??V????? 
??ō?y?,????=???B8KL-￥K???nL?
é中)*+ē-???s￡kw??ǎH??????? !5à??67
?K???é???48KL?￥K????úe?Bēīt??B
???nLa?￠8KL???úey??K????úe4 
中信建投基信金管理有限公司
投












































  
54 
 
公2司
 "34 
 
?V投?? 
??投#?òv?d??b?v??cd????B?é有
限??公司????op8KB??U???????a4 
?V投?? 
?投\?ū?n????h????B??)Rx????r?
?ò????V中??V?ú?V???q_?Z中)*+CD?r??
òV?V??











































  
55 
 
2V?ò投?? 
ē?￠??B?Fó??投T???R??5ˋ|?Y
?ò公司T?q投??- 
?é\金管理?:??ú?????Bq\?úR?:?ò???
??B??金管理?:ìú?投`a4 
1金管理????? 
金管理ū??ū???金?管?理?IУ??B??#??b理?á
?v?ǎBU?金?金VL?金VL?L??信????基?IУo?4???
êOB金管理ū??é?ü?a?V????o?V????RFIDV???
??v信????=B?ó????B???金???管理?á?B??信??
?b?信BU?基????V??V??V*?b8K??ǘ理???4 
?金管理?:???āêOB￡??金管理?????q?:
??ú-基???V基???V基???V基?金?V基??理V基???V基
??úV基???V基??rV基?建?V基??eV基???V?ú基?V基
??úV???rv4??F|B金管理????+???????·]j?
īB8KLē?????:?ú??ī??q?útH??B5\金管理?
????q??ú???īb?Y4 
2?:??ú?公司 
金管理?:?????ú??B???ǎ?]?FB??￡???ˉ?3′V
???ǎV2+ē?āqrs?:2āv????????B?·üY]F
|<]F??ú?^?-???????Bà?Bˋ|?]F??ú???
??公司??Yn?#īíǜ?cdB??公司?????- 
AVˉ? 
8KLē?????ú????ǎB? ???ˉ??:ˉ??f?
q????Bt?h???公司#??￥d#ˉ?kw?ê-??ˉ?????
:?ú4 
BV?????ǎ 
金管理e????ī?úB????????-?+\金管理?ú?1?Н
?μ?B??b????īb??B+??êā?μ??:??ú???4??B
中信建投基信金管理有限公司
投












































  
56 
 
8KLē??:2?:????????ī??B5??公司#??n?
?k??????:??ú4 
CV2+ē? 
金管理??????ū?????ú基??V金管理??éêB·2
+?ē?bēF\#????ú??n??μ?B?_ū?ˉ?b???"?=
???BY?2+?ē?êāē1??:?ú基??V金管理???1
??:?4 
DVrs?< 
中????bU???v?
??ǎ?B????μ????ê投`a?????B???rs????V
??J?V????V??°KV?











































  
57 
 
:úe?ê?1Ehv4 
4???投?? 
\#???投Bē????????B?é?h??b???
????ǎHB???nT?a?????e?投??4 
3V?投?? 
\#??cd?????Bē`a?????B?????
??Uè??????8KB5???é?ó公司??????????投
8K4??ó公司??B?\υ?Z±Vrs??V??ǐv????
??B?￠??￡rs????rs?ó??opcd??B?<\投?
?ó???a?公司b?YBW??ó???a??4?ǘ???B
中E











































  
58 
 
??信??￥?67Bà￥?67?投67??B???￡?I???
?_cd?4?é\???7bg??????V?????
????ǘVì?īt?????\????ê???μ?B??投
???4 
?V8KL??????x￠b??ê? 
8KL??????x￠V??ê? 
1V投??x￠ 
1n:?ōV?ybF?n:y?4 
2Z±??У?brs??4 
3投\??opcd公T4 
2V投??ê? 
1投????-??L?VZKq?:L??￠????q??
?67???ǎ>B?投??ū?+īfυ?Z±??ǎ>b投??ǎ>v
????4 
2投?????-投??ū?+?ǐ})?n:?ōV?yb
F?n:y??tīB?￠??L?bZK?n:ǎ>B??投
?????B\投???公司T?vīf?üh??4 
3????-????L??￠投??ū?+???B?ZKī
?????ǎ>b投建?Bl-?￠ZK??ǐ??n:???4 
4??投??-ZK?y投??ū?+???投??B?￠
????L?ī??投建?q?????ijB?f???投??4 
5op?????-op8Kū?+?











































  
59 
 
?T?]?#???? 80%? 
2ǖ???&&??ǖ???<ó??????M?BM?]?
#??a 5???]????=?V?fMVac ?ǘv
kw×<&??$R?ˉ??? 
3?n???????B_ra]?é??a? 10?? 
48KL8K??9?n???????B]?é?
? 10?? 
5?n??9?B_ra](?é??a? 3?? 
68KL8K??9?n?F??B](?é???
10?? 
7?????&????ǜ?B](?é????&
??a? 0.5?? 
8投#F????dL???????T?B](?é
??a? 10?? 
9?n??9???B_ra](?é??a?
20?? 
10?n?F?(?F?信??)????T?B](?é
????yt? 10?? 
118KL8K??9投#F????dL??????
B](?é_??????yt? 10?? 
12a投#信????? BBB?(? BBB)????4
?n???











































  
60 
 
16????











































  
61 
 
????2V12V19V21?üB?/











































  
62 
 
???? 300??b中?????????ò?b?V?
Drs??v_???úèT?D4?? 300 ????????rs?Y
?^?4中?????????信??????B5q|??B
·ā??????nL?+4 
?Vopcd?? 
ó#
B_ì











































  
63 
 
5 ??I?投 - - 
6 ?????? - - 
_中-?jH@???
????? 
- - 
7 
???ǘb??=?
? 
22,092,735.97 5.44 
8 _?? 812,322.59 0.20 
9 ? 406,276,869.14 100.00 
?
???????




1V??











































  
64 
 
P ?? - - 
Q ?Ib2+?e - - 
R 1?V??b??ú - - 
S ? - - 
? 383,130,524.82 94.98 
 






2V??




???




???











































  
65 
 
7 -??-??? 241,285.76 0.06 
8 Fú?ǚ - - 
9 _? - - 
10 ? 241,285.76 0.06 
 






???




1V????Bk???ō?&t?
$R￥×????Vù????4 






2V投?t???ò??fFy??=??ò?4 
中信建投基信金管理有限公司
投












































  
66 
 






3V_??71 
?0 ? ?(?) 
1 ?fM 319,211.60 
2 ac??ǘ - 
3 ac?? - 
4 ac?? 3,126.02 
5 ac ?ǘ 489,984.97 
6 _?acǘ - 
7 _? - 
8 ? 812,322.59 
 






4V??




5V??




6V投????2?_?1???9? 
???????理\??,#@\????a?￠￡? 
中信建投基信金管理有限公司
投












































  
67 
 
公5司
 "67 
 
úè??&? 2021$ 3% 31&4 
8KLxyz{|}V~U信V???????8Kb???B
[]M????Bl]M??cd4?é?úè5]?^_?ê^
?4投nopB投w??f投??ta?????NOPQ4?






1V???a?E?q_?F<úèT?Dcd??T? 






中信建投基信金管理 A 
?ǎ 
?a?E
?? 
?a?
E??
D?? 
úèT
?D
cd?
? 
úèT
?D
cd?
?D?
? 
??? ??? 
2020$ 1%
1&-2020$
12% 31& 
54.97% 2.38% 16.24% 0.85% 38.73% 1.53% 
2019$ 1%
1&-2019$
12% 31& 
71.39% 1.72% 21.49% 0.74% 49.90% 0.98% 
2018$ 1%
1&-2018$
12% 31& 
-30.34% 1.60% -14.01% 0.80% -16.33% 0.80% 
2017$ 1%
1&-2017$
12% 31& 
13.76% 0.86% 11.14% 0.39% 2.62% 0.47% 
2016$ 8%
3&
FIJ&
-2016$ 12
% 31& 
-1.20% 0.15% 1.48% 0.46% -2.68% -0.31% 
?
????中信建投基信金管理??
?ǎ 
?a?E
?? 
?a?
E??
D?? 
úèT
?D
cd?
? 
úèT
?D
cd?
?D?
? 
??? ??? 
2020$ 1% 54.35% 2.38% 16.24% 0.85% 38.11% 1.53% 
中信建投基信金管理有限公司
投












































  
68 
 
1&-2020$
12% 31& 
2019$ 1%
1&-2019$
12% 31& 
70.76% 1.72% 21.49% 0.74% 49.27% 0.98% 
2018$ 1%
1&-2018$
12% 31& 
-32.02% 1.62% 
-14.01
% 
0.80% -18.01% 0.82% 
2017$ 6%
7&???
???&
-2017$ 12
% 31& 
20.01% 1.12% 8.86% 0.42% 11.15% 0.70% 
?






2V?FIJê???a?E???q_?F<úèT?D
cd????T? 
?
中信建投基信金管理有限公司
投












































  
69 
 
?
????2-?V??????中信建投基信金管理??????a?E??F
<úèT?Dcd??????\T?B??&











































  
70 
 
公5建司
 "89 
 
?V?ǜa 
?ǜaū??????qò￠`aV???ǘ?bac?
 ?ǘq_?投￡?1?`aǜb4 
?V??a 
??aū??ǜa??????`a4 
?V????? 
?8L?￠?:?ō?yVy?h1??????V?
?V











































  
71 
 
公5中司
 49:; 
 
?V?a& 
??a&??:???s￡???&q)??ō?y
y???\üěě?a????&4 
?V?a\? 
￡?n??òV?V?b???ǘ?Vacǘ?V??











































  
72 
 
1\???￡rs?r??k???????cd?ǘ?ny???
üB????ǎ?a67ī???a?ǘ?&??a?`???a? 
2\???￡rs?r???-???B??a&c?`??-??
?c?`中￡??ac???(×??`???a??a&mn???B?
????&?Z±3′??I????B?????&c?`??-???c
?`中￡???ac??(×??`???a4?????&?Z±3′?I
??????B-????投?ǘ???r`q??????B?Y????
r`BW???`?? 
3\???￡rs????????b中?ìúí?Bˊ
?a??W???`aB??a???-?????`a???B?1?
a? 
4\???￡rs????rk???????B\??限?rs?
??B限?rs??Z?Y??`e???&???`a?\#限?rs?
`???^??&??`a???B\rs?`???YWē??&???
`a?\#]??rs限?krs限??????Bˊ ?a??W?_??
`a4 
4V???rs?????cd?ǘB????ǎ?a67ī???a?ǘ
?&??a?`???a4\???rs??rB???ǎ?a67?ī??a
`???B?1?a4 
5V??











































  
73 
 
a4 
9V投?????aC?Bxy)Rx????r??ò??4 
10V?:?ō?yq*89?n??y??B?_y?4?nī???B
?)??īy??a4 
?8KLk?8L???aò?F?P??aǎ?Vê
?q?:?ō?y?y?kw?????????nL?d|Ba????
\ǎB?F?P??B?ǎ????4 
?￠n:?ō?yB??a??b+?C???eà8KL
§¨4?+???ǎà8KL¨?B??B??n:?+
???B?Z?:?ǎ??v???????B?ā??1?Y???B?y
8KL\??a?????\ü???4 
?V?aê? 
1V???aū?yǖ??e&?r?B??a??&?
????????B?W× 0.0001 ?B????? 5 ?????4)??ny
??B?_y?4 
8KL#ǖ??e&????aq?????aB5?y?
??4 
2V8KLaǖ??e&\??a4[8KL?￠?ō?y
kF?y????a|?ü48KLǖ??e&\??a?B
ē?????a?????8LBZ?8L?Cā??Bà8
KL?ó?\ü??4 
?V?a???ùK 
8KLb?8Lēˊ???Vˋ ?VK??èWM??a
?DWhVq|h4? A?k C????a???? 4?R(??
4?)?I?a??|Bɡ????a??4 
F???La?yó?ùK- 
1V?a??? 
?eéê中B??à#8KLk?8LVk??67Vkň
?67Vk投L???é??1?a??BüY_???L?￥ùú?Bé?
中信建投基信金管理有限公司
投












































  
74 
 
???La?\à#??a???￥ùú??L(￥ùǎ)???ùú??
?a??ùK??????B§¨????4 
???a????????[]?#-? ???V?￠????V?
￠????Vo?????V?????v4 
2V?a??ùK?? 
1?a??"?IB[?????L?1ùú|B?a????ǎaq
|???ǎBq|???GB??G?a???I??à?a????ǎ§¨?
à#?a????ǎ?q|?G"?I??a??B???L?1ùú?Bà?
a????ǎ\??ùú§¨???????a????ǎ"Z????B5?
n???e???Ln???|????G·??GB?_a?§¨?a???
?4?a????ǎa\?G????n:??L??WēBWM?a??"(
×?G4 
2?a?????ǎ\n:??L???ùú??B]\??ùú??B
5??\?a???n:????L??B]\??ǎ??4 
3??a??·'(]?(????L?nq|??]?(???e4
[?a????ǎ?a\?a????4??à#'(]?(????L]??
k]?9??]?(??1_???L??dùú(￥ùǎ)B??a???
?ǎa??￥ùǎ?ùúB5?_?????????R\'(]?(???
?L¤n?ǐ??]?(???????'(]?(????L"Zē?9?]
?(????￥ùǎB?￥ùǎa?ē_"Z'(????ǜ?"Z'(?]?
(????ǜb?é_U?ùú???9?????a????ǎ4 
4?a???Yˊ{????????I?a???GW???ǎH4 
3V?a??ùKê? 
?a??????Bn:???La?q|??ùKBùK?ê??- 
1?P?a???I???B?P￡n???LB5?￠?a???I
???W??a?????ǎ? 
2?￠?a??ùK??k??L???ǎ?\??a???1?ùú
????? 
3?￠?a??ùK??k??L???ǎ?à?a?????ǎ??
中信建投基信金管理有限公司
投












































  
75 
 
?Gb??ùú? 
4?￠?a??ùK?ǎ?B??????67???￠?Bà
??67???GB5??a????G?n:??L??Wē4 
4V???a?a??ùK?ǎ??- 
1???a??f???|B8KLa?????GB??
?8LB5ˊ?K??è??ùú?????4 
2??à??×???a? 0.25%|B8KLa????
8L5?中)*+=>???à??×???a? 0.5%|B8KL
a???4 
3t?RS??ō?yk*86:?ny??B?_y?ùK4 
?V???a??? 
1V投￡?q?/











































  
76 
 
K??è????B[ū????????Bà??1???a??B
8KLb?8L-??????4[8KLV?8La???
ˊ?????è??k??à??1?μ?4 
中信建投基信金管理有限公司
投












































  
77 
 
公5司
 "<=/
> 
 
?V???71 
?????c?V投cdV??`a??cdb_?c?ǖ?
?:?????B"U?cd???????`a??cd???
?4 
?V-??公?? 
-??公?????cd?公D&??公?????公??中
"U?cd????4 
?Vcd?公?? 
1V??n:?????tīBǖ$cd?公????? 6
?Bǖ???ǖ?cd?公T?](?#??cd?公D&ǖ???
-??公??? 5%B??F?IJ]? 3?%-]??cd?公? 
2Vcd?公ǎH??ǘ-???????投B投w-???
??kē????????a????????投??投w]?
?B?ē?cd?公ǎHū???? 
3Vcd?公??????a]??#?aB?cd?公D
&??????a??ǖǚ???cd?公??]??#?a? 
4V??????c??]FB_\a?-?公cd-?n￡
]F4F????ǖ???¤nFv?公?? 
5V?ō?yk*86:?ny??B?_y?4 
?Vcd?公ǎ> 
cd?公ǎ>中a?P??cd?公D&?-??公??Vc
d?公\?V?公|?V?公??qT?V?公ǎHvRS4 
?Vcd?公ǎ>?W?V???Uè 
cd?公ǎ>à8KL??B5à?8L?CB? 2 ??
e&R?y?????4 
????&?ácd?公D&?-??公??????&?|
?](?é 15??e&4 
中信建投基信金管理有限公司
投












































  
78 
 
?Vcd?公中?I?? 
cd?公|￡?I?????k_????à投w??§¨4?
投w?????#???B]?#??????k_????|B
??67-ē???nL?????????a?????4???
投???ǎ?Bxy?úey????4 
中信建投基信金管理有限公司
投












































  
79 
 
公5基司
 ?@/A< 
 
?V??ǘ? 
1V8KL?8K?? 
2V?8L??8?? 
3Vň??e?? 
4V?F?IJ???:?信?ěě?? 
5V?F?IJ???:?+???Vō??b???? 
6V???nL?+?? 
7V?/











































  
80 
 
H?E×0.20%÷?$?? 
H?ǖ&a?ī??8? 
E?t?&???a 
?8?ǖ&??B?&???ǖ%%?B?%??Bà8KL?
?8L???8?ǔǘ??B?8L?C?#?%t 3??e&R?
??中??h??4??????&V??&vB??&<ο;4 
3Vň??e? 
 A ???]c?ň??e?BC ????ň??e?$?
?? 0.40%4ň??e?ē??#?ň?????nL?
e4 
C????ň??e??t?&C?????a? 0.40%$
???ī4??ǎ??- 
H?E?0.40%??$?? 
H? C???ǖ&a?ī?ň??e? 
E?t?& C?????a 
ň??e?ǖ&??B?&???ǖ%%?B?%??Bà8KL?
?8L??ǔ???B?8L?C?#?%t 3??e&R??
?中??h?????67BZ??67?????ň?674?????
?&V??&vB??&<ο;4 
???V??ǘ?中? 4?11 ??B?￠n:?yq?a??
y?B??U??f????











































  
81 
 
?V?c 
?eéê中?q??????B_???e?)??c?ōV?y?
?4 
中信建投基信金管理有限公司
投












































  
82 
 
公5司
 "BC/DC 
 
?V+?ˉ? 
1V8KL??+???ǎ? 
2V?+?$ā???$ā? 1% 1&? 12% 31&????
+?$ā????-???F?IJ?# 2?%B-5???+?
$āěě? 
3VC?L?D????DBL?D????ǚ?? 
4V+??ā??)?n:+??ā? 
5V??建?V??C?? 
6V8KLq?8L??M?XY?+???V?5??&??
+?C?B?yn:y?ō?+??^? 
7V?8Lǖ%?8KL??+?C?V?^ō?v??C\
5Q?ǎHWē4 
?V?$ā?? 
1V8KL?!?8KLV?8L??????nV











































  
83 
 
公5!司
 "EFGH 
 
?V?信?ěěa????V??e???V?信?ěě???V
?F?q_?n:y?4 
?V信?ěě?eL 
信?ěě?eL??8KLV?8LV? ???nL
?+????nLv?ōV?ˉ?yb中)*+y????LV?Lb?
?L??4 
信?ěě?eLM????nL?d??f??B?y?ō
?yb中)*+?y?ěě信?B5M￡ěě信??TUhVDWhV
XYhVq|hVPhb?(h4 
信?ěě?eLa??中)*+y?|?RBēa?ěě?信
??é?中)*+y?????)h??y???q?信
?ěě???y???管理理?y?理?v??ěěB5M
投w???y?F?ó??|?bǎH??kw????ěě?信
??4 
?V信?ěě?eL§???ěě?信?B](n???- 
1V????V?üh??kw????? 
2V\投úè??ì?? 
3Vòy§?cdkw§¨ùú? 
4V??_?8KLV?8Lkwň?67? 
5V??????LV?Lb??L?????hV??hk??h?1?? 
6V中)*+???_???4 
?V??ěě?信?aˊ中114?F|ˊü11?B
信?ěě?eLaM]F1?RS?Y4]F1???I???B中1
1?D4 
??ěě?信?ˊ?Ω???????OPüB?Dǚ??L?D
?4 
 
中信建投基信金管理有限公司
投












































  
84 
 
?V??ěě?信? 
??ěě?信???- 
?NOPQV?F?V?8??V????? 
1V?F?ū???F???L?????V?e:oBPW
???nL?+???y?q??ê?BOP????hv?q投
w???d?????ō1?4 
2VNOPQa????ā?ěěμ?投w????9??B
OPē?V ?b?@??V投V???hVop??V信?ě
ěq???nL?evRS4?F?IJ?BNOPQ?信?
?I?????B8KLa?????e&RB?īNOPQ5??
?y?理???NOPQ_?信??I???B8KL??ǖ$?ī
??4???e?B8KL]??īNOPQ4 
3V?8??ū???8Lb8KL???M8q?
e*?v限?中???V?e:o??ō1?4 
4V?????ūNOPQ???1?B#?投wī?
P???信?4?F?IJ?B??????信??I???
??B8KLa?????e&RB?ī?????B5???y?
理?qň?67理?k?ú理???????_?信??I???B
8KL??ǖ$?ī??4???e?B8KL]??ī??
???4 
 !Z中)*+23?B8KL???????&tB
ē??????VNOPQī?h??b?F?ī?h???
??y????Bē??????VNOPQV?????V
Fb?8?????y?理??B5ē????????
ň?67理?k?ú理??8KLV?8La?ē?F?V
?8?????理??4 
??????? 
8KLa???????????ō???????B5?ě
ěNOPQ??&??#y????4 
中信建投基信金管理有限公司
投












































  
85 
 
??F?IJ?? 
8KLa??c×中)*+Wē1???&?y???????
F?IJ??4 
??a信? 
?F?IJ?B????K?? ?kw?@tB8KLa
???ǖ??y?理?ěě?????ab?????????
?a4 
????K?? ?kw?@?B8KLa??]?#ǖ???&
??&B?éy?理?Vň?67理?kw?ú理?ěě??&???
???ab???????a4 
8KLa??]?#?$āb$ā???&??&B?y?理?ěě?
$āb$ā???&????ab?????a4 
??? ?V?@`? 
8KLa???F?VNOPQv信?ěě1???P?
? ?V?@`????ǎHqn: ?V?@??B5M投w???
ň?67理?k?ú理???kw??t?信??4 
??











































  
86 
 
?TV??


13V8KL?????8KLV?8Lq_????V
中信建投基信金管理有限公司
投












































  
87 
 
U???Lkw?_n????:o??????kw§ň


22V信?ěě?eLē?-?\???nL?dkw???`
??I??μ??_???k中)*+y?qFó??_???4 
????? 
?FB5???4 
????? 
F???B8KLa?x?????????\???
???5ef????4??????a?ē???????y?理??B
5ē????ī?h?????y????4 
??投#??











































  
88 
 
??投#中?ìúí??信? 
8KLa??投中?ìúí??????&RB?中)*
+y???ěě￡投中?ìúí???V??V











































  
89 
 
ú67Ba??e?e??B5ē?:?>??M?×?F?????$4 
?V信?ěě1??????? 
x???ěě?信????B8KLV?8La??y?:?ō?
yy?ē信?司=#???￡B?2+????V??4 
?V信?ěě???ō?yy?q??ó??RS?D4 
中信建投基信金管理有限公司
投












































  
90 
 
公5%司
 IJK限 
 
投ū?ǘE<投??B_????ū?
?投B÷?投ǚ?￡éê???op4]F#????b?v?
?ī???cdì











































  
91 
 
1\úè^??M48KLī?投L投??w???
?B??f投???B??????a???Y?投opBà投
L???¨4 
???nL???5§￥op- 
?Vrsop 
rs`??￥×Z±??Vˉ °??V投?Kb???āv?ǘ??
?μ?·?????Bē\cd???I??opB????- 
1Vˉ?op 
?)?υ?ˉ???Dˉ?V?ˉˉ?V?úˉ?V????ˉ?vb
rs*8ˉ??I??BüYrs`???·?Iop4 
2VZ±?











































  
92 
 
μ?_\信???nb\Z±??V`????ijB?·μ?c
d??4??B?cd???8KL?8K??V8K?ǎb8K?
?v?:h??B-???8KL???·μ?cd??4
?8L?8K??\cd??l??μ?4 
?V??hop 
ó#??HB??￡n??&B8KL-?￥投L?
 ?b?@4???]?????1?Bkw????|??a
?I]??μ?B?+μ??ebcd??4?_ū??Iǚ??@|B?
???????B-?+?I???Y???BüY??hopB-
?μ????a4 
1V?投rsV?úq????hop?? 
?投rs?????￡V?)????rsv??h???
y???s￡B??投\???n????h??????)Rx??
??r??òV?b?Drs??vBF|#??投?????
úb?ǎ??ní中ā???B? ???G?rs3′???h
opˋ中4 
2Vǚ??@?????hop8K?è



f?ǚ??@??B8KL-?￠?|?????k
ǚ??@???T???????@k9?;











































  
93 
 
?￥×?aμ?B8KLē??xy?ō?yqF?ó???ǔeB
??M?投w???d4 
?V信op 
???éê?I?còóBkw￡投????Lf?òóV?
???×<?B?-?üY?ùúbcd??B?·?Iop4 
?V?n?op 
1V?有限公司
B?????公司opBn-???￥
×Z±?











































  
94 
 
4V???投op 
?投???????B?投#???B?§¨′R?
r???ò投??FopüB?ē§¨?????nopB??????
nL?′ü???L?????ō??V¤n??vǎ?????-??
??op?????nL?????V??^??vǎ??????-???
?op???????ó?????nL?op?????r?1???`
???q???op?????nL?d????op?????r?o
p?"?′ü?r????LB???信?ěě*8ǎ??′R-???
???op?′Rü??6?V?ō?āV*83′??-?üY?_?o
p4 
?V_?op 
1V?????·?I?opB???o?]-??I?op? 
2V?úe????B??ā建?VL?公=VR??ā建?vǎ??
]X??I?op? 
3V?L???·?I?opV?R???V????v?I?op? 
4V\??úeL??ZK?x?·-??I?op? 
5V?úe????-??I?op? 
6V??V????v]-??-?üY???ùúBμ?cd?
?B?·éêop? 
7V_??üüY?op4 
中信建投基信金管理有限公司
投












































  
95 
 
公5*司
 &'"LMNOP/89"QR 
 
?V?F???? 
1V??F?q?ō?yy?kFó?aZ???nL?
+???é????Ba?????nL?+???é4\#-]Z?
??nL?+???é???Bà8KLb?8LF????5??B
5?中)*+=>4 
2V:#?F???????nL?+???IJ?ǎ-??B
5???IJ??&R?y?????4 
?V?F?????à 
n??????B?F?a???- 
1V???nL?+?????? 
2V8KLV?8L|???B? 6 ?%Rmnī8KLVī
?8L§??? 
3V?F?ó??_???? 
4V?:?ō?yb中)*+y??_???4 
?V????? 
1V??????-?f??F????à?&? 30??e&R
1?????B8KL????????5?中)*+?*???
??4 
2V???????1-??????1?à8KLV?
8LV?n???:úe??23+??Vō?q中)*+???L
??14??????-?????eL?4 
3V??????|?-???????????M8V?KV
?`V??b?公4??????-x????????限?4 
4V????ê?- 
1?F?????f?|Bà?????????8? 
2\??b???e???KbWē? 
3\?????ab??? 
中信建投基信金管理有限公司
投












































  
96 
 
4?e????? 
5?!+???e￡\??????ü9??B?!ō??e￡\??
??f??ō??Q? 
6ē?????中)*+=>5??? 
7\???????公4 
5V?????Bē???????9???ǖ?
?????V??￡??ǘ5???e?B????nL?n?
??T????公4 
?V??????? 
??éê中?n:?????q|?????????Z??中ńL
??b)??y??+???e￡??5àō??e￡f??ō??Q??
中)*+=>5??4??????#???????中)*+=
>? 5??e&Rà??????????B??????a?ē??
?????y?理??B5ē????ī?h?????y????4 
?V?????3q1??M? 
?????3qn:1?à?8LM? 15$?4 
中信建投基信金管理有限公司
投












































  
97 
 
公52司
 &'STU理 
 
?V8KLV?8Lb???nL???V?e?
?8KL???b?e 
1V?￠???V??e???q_?n:y?B8KL?????
[]?#- 
1x?? 
2??F?IJ?&?B?￠?ō?yb?F????
58K??? 
3xy?F?c?8K?q?ō?yy?k中)*+?
D?_??? 
4ň???? 
5?yy?????nL?+? 
6x￠?F?qn:?ōy?*??8LB?ē??8
Lò???F?q)?n:?ōy?Ba??中)*+b_?*89?B
5ˊ????èM?投w??d? 
7??8L??|Bī?ī??8L? 
8??V??ň?67B\ň?67??:????*?bù
K? 
9¨?kū?_?????67¨???67?K??úe
5'(?F?y???? 
10x￠?F?qn:?ōy???cd??公ǎ>?



11??F?ó????RB??k??￥K ???@ !? 
12xy?ō?y???d\?投????????B???
d?????投#￡?I????



13??ō?y?,?tīB???dx?????? 
148KL???B?^???nL??d??????kw
Uè_??ō???



15??V??ō??e￡V+???e￡VZ??V


中信建投基信金管理有限公司
投












































  
98 
 
16??n:?ōV?y?tīB??b?Yn:ē?V ?V
?@V??b???é?vúey?? 
17?ō?yq中)*+y??b?F?ó??_???4 
2V?￠???V??e???q_?n:y?B8KL??e??
[]?#- 
1x?B?Kkwū?Z中)*+ē??_?67???K
?????V ?V?@b????? 
2?K=>??? 
3??F?IJ?&?B~U信V???????8Kb?
??? 
4公=????n?ú??L???投??V??B?ú?
?Z?ǎH8Kb?e??? 
5建???R9op??V*??ˇCV?e8KqL?8Kv?āB
M￡8K???b8KL???????B\￡8K?]F??
8KB????B??投? 
6?x￠???V?F?q_?n:y?üB](??
????q????Lˉ??dB](ū???L?e??? 
7x??￥?8L?*?? 
8ˊ?ˋ?K??è?????ē?V ?V?@b2ň`??
ǎ???F?v?ō1??y?B?n:y???5???a信?B
W??? ?V?@?`?? 
9??+?C?5ō??e+???? 
10ō??ā??V中Bq|????n
L?公cd? 
14?y?￥K ???@ !Bq|V?????@ǘ?? 
中信建投基信金管理有限公司
投












































  
99 
 
15x￠???V?F?q_?n:y?????nL?
+k公?8LV???nLx?????nL?+? 
16?y?M???8Kúe限??+??3V?^V??b_??
:? 15$?? 
17WM???投wī????1?k??y?|??fB5?
M投w???y?F?y??|?bǎHB?|??×?n:?
???B5???K1???(×n:???˙?? 
18??5?ǜ??????B?????M8V?KV?`V
??b?公? 
19????Vx???ňkw?x?????|Bq|??中)*+
5???8L? 
20?ò??F?üY???ùúkù????nL?
?d|Ba?§¨????B_????]?_??·??? 
21*??8L??ō?yb?F?y???????eB
?8Lò??F??1??ùú|B8KLa????n
L?d??8L??? 
22?8KLē_?eū???ǎùK|Ba?\??ǎùKn:
?e???§¨??? 
238KL??B?^???nL?d??????kUè_
??ō???



248KL???B?F?]?
IJB8KL§¨?9?Bē"5ǜ???F<限











































  
100 
 
1??F?IJ?&?Bx?ō?yb?F??y???
M8??? 
2x?F?ó?'(?8?q?ō?yy?k*89??
D?_??? 
3*?8KL\?投?eB???8KLnò??
F?q)??ō?y??B\??V_???L??d?1??ùú?
??Ba??中)*+B5ˊ????èM?投w??d? 
4?￠?:rsy?B?????V??V











































  
101 
 
8?CV??8KL?????aV???aV?
? ?V?@`?? 
9?K??8úe限?n:?信?ěě??? 
10\?e+???V?ā??V中











































  
102 
 
投w?x￠?F??(??B?1????nLb?
F????LB??_]??n???4???nLe??
F???L5]??F??Q???k???????4 
F???ǖ????nFv???d4 
1V?￠???V??e???q_?n:y?B???nL???
??[]?#- 
1?¤??cd? 
2???公????????? 
3x? !?@_?n???? 
4?yy??ǐ?????nL?+kw????nL?+? 
5f?kwū??^f????nL?+B\???nL?+
??????^??? 
6??kw????ěě?信??? 
7*?8KL?投?e? 
8\8KLV?8LV?e67ù?_??d???x
?ī???k??? 
9?ō?yq中)*+y??b?F?ó??_???4 
2V?￠???V??e???q_?n:y?B???nL??e
??[]?#- 
1ēT??5ǐ}?F?VNOPQv信?ěě1?? 
2??￡投??B????op§￥??B??ij?投
`aB???f投??B??§¨投op? 
3:2信?ěěBq|????b???e? 
4??ē?V ?ǘ?q?ō?yb?F?￡y???? 
5?_?n?????RB§¨?ùkw?F????
n???? 
6]????nùq_??F???L??d?限?? 
7??IJ????nL?+???? 
8?????éê中?????'(?]?(?? 
中信建投基信金管理有限公司
投












































  
103 
 
9?ō?yq中)*+y??b?F?ó??_??e4 
 
?V???nL?+?V??q^??ê?by??
????à 
1V?f?k??????à???Ba??????nL?+- 
1???F?BF?nó???ü? 
2??8KL? 
3???8L? 
4???eǎH? 
5īí8KLV?8L????Dkň??e?B[?ō?y
?ǐīí?v???D??ü? 
6????? 
7?_??5?ō?yV中)*+bF?ny
???ü? 
8??投??V??k??? 
9?????nL?+ê?? 
108KLk?8L?ǐ?????nL?+? 
11ǚ?k??nǜ?? 10%?? 10%???
???nL8KLc×ī??&?????BF?F???Q
??ǐ?????nL?+? 
12\F??L??b?e?I??μ??_???? 
13?ō?yV?F?k中)*+y??_?a?????
?nL?+???4 
2V??-à8KLb?8L?????B]?????
?nL?+- 
1??8K?V?8?Vň??e?? 
2?ō?y?ǐ?ǜ???c?? 
3??ō?yb?F?y????R?Y? ???V?
??@??k?\?n???nL?dāUgh]?μ??tī??c
?ǎH? 
4??a??ō?y?I??·a?\?F?????? 
中信建投基信金管理有限公司
投












































  
104 
 
5\?F????\???nL?dāUgh]?μ?k?
?]?q?F???L???e:o?I????? 
6?y?ō?yb?F?y?]??????nL?+?_
???4 
?+??Lq?ǎH 
1V??ō?yy?k?F??nó?üB???nL?+à
8KL?4 
2V8KL??y??k]??|Bà?8L?4 
3V?8Lē?n???????nL?+?Ba??8KL
īfQ?ī?48KLa??c×Q?ī??&? 10&R??ū??B
5Q????8L48KL????Ba??f?Q????&?
60 &R???8KL??]?B?8L?ē?n?????Ba?
à?8L???B5?f?Q????&? 60&R??5??8K
LB8KLa?公4 
4V?^?? 10%?? 10%????nL?F???Q??
ǐ?????nL?+Ba??8KLīfQ?ī?48KLa?
?c×Q?ī??&? 10&R??ū??B5Q???īfī????
?nL?^b?8L48KL????Ba??f?Q????&?
60&R???8KL??]?B?^?? 10%?? 10%?
???nL?ē?n?????Ba???8LīfQ?ī?4?8
La??c×Q?ī??&? 10&R??ū??B5Q???īfī??
???nL?^b8KL??8L????Ba??f?Q???
?&? 60&R??5??8KLB8KLa?公4 
5V?^?? 10%?? 10%????nL?F????ǐ?
????nL?+B·8KLV?8L?]??Bǚ?k??
^?? 10%?? 10%????nLn????B5??īt
30&?中)*+=>4???nLx???????nL?+?B
8KLV?8La?公B](??V??4 
6V???nL+???L????W??+|?V??VǎHb?
中信建投基信金管理有限公司
投












































  
105 
 
d??&4 
??????nL?+???|?V??RSV??ǎH 
1V?????nL?+B?La#+???t 30&B?y????
?4???nL?+??a???PRS- 
1+????|?V??b+??H? 
2+???????V??ê?b^?ǎH? 
3n?f????nL?+????nL??d??&? 
4??ū?P?RS?ǐ??[]?#?KL??B?K??b?
KnJ











































  
106 
 
?n????qū?L??K投ò??ū?P??ō?yV?
F?b+????y?B5??n?????8KL?n????
??? 
2ZC\B?ǜ×+wf????d??&?n??????B
nJ???]?#??d??&ǜ???????????
?4?×+w??d??&?^?nJ????#??d??&
ǜ???????B? L-????????nL?+??|???
?%?V??%RB????????ī????nL?+4?ī?
????nL?+×+w??d??&?^?nJ???a]?#
??d??&ǜ????????????4 
2V???+4???+o????nLē_\^????投òQ?
?H?^???&t????L?????4???+aQ?ǎH??^
?4 
?F|???|B???+?ǎHɡ?nJ- 
1+??L??F?ó???+????B? 2??e&Rá
????:ī?h??? 
2?L?Fó????8L???8L??LB
??8KL×????\Q?^?????ò??*?4+??L?
?8L???8L??LB??8KLb?6:?*??
y+???y??ǎHc????nL?Q?^?????8Lk
8KLZ??]?ǜc?Q?^????B]μ?^?J?? 
3L??f?Q???k???L?^f?Q????B???
nL￡?n???]?#??d??&ǜ???????????
???L??f?Q???k???L?^f?Q??????nL￡
?n????#??d??&ǜ???????B? L-????
????nL?+??|????%?V??%RB????????
ī????nL?+4?ī?????nL?+a?n?^???
???????????nL??f?Q???k???L?^f?
Q???? 
中信建投基信金管理有限公司
投












































  
107 
 
4???3?中??f?Q???????nLk￥??^?L
f?Q?????KLBF|ī???n????V￥?f?Q????
?KLf??ū?L?n????qū?L??K投ò??ū?P?
?ō?yV?F?b+????y?B5???67????4 
3V??ō?yb*86:?,???B-ˊ_???sǎHk
w?sǎH???sǎH???ǎH?????nL?+B+?ê?T
y?s?+b??ǎH?+?ê???B??ǎHà+??LW?5?+??
?中?P4 
4V??ō?yb*86:?,???B???nL???L??f
?+?5^??B??ǎH-ˊ?gV理?V??V?信k_?ǎHB??
ǎHà+??LW?5?+???中?P4 
???RS?ê? 
1V??RSqī>? 
??RS?:o???nL?d?????B??F?????
?V?????F?V??8KLV???8LV?_?
5V?ō?yq?F?y??_???q+??Lē??ī??
??nL?+???_???4 
???nL?+??L?f?+?????B\?nī>???a
?????nL?+??tq|??4 
???nL?+](\????????RS??^?4 
2V??ê? 
1?s?+ 
??s?+?ǎHB??à?+??L?y????y?ê?W?b?
?*òLB??à?+??L??ī>BZ?????^?B5?1?+??4
?+??L?8KL??f?+???^B?8KL???^????
?+???Bà?8L??_f?+???^?????8KL??
?^b?8L???^??????+B?àf??+????nLb
?KL￡?^?????????????? ??I?????nL
e??????nL?+???L48KLb?8L?]f?k?
中信建投基信金管理有限公司
投












































  
108 
 
????nL?+B]μ????nL?+ef????J?4 
+??La??ef?+?L????34??3?P?ǜ+?L???
kǚ??V??P1?0?V?nk?^n^?????Vū?L
??kǚ??b管oǎHv??4 
2???+ 
????+???B??à?Līt 30 &??ī>B?￡???^?
??&kF??ī>R5??????a???
??V??^?4 
??ò 
1V?s?+ 
1??+à8KLk?8L?B???nL?+???
中信建投基信金管理有限公司
投












































  
109 
 
La??+???????f?+?????nLb?KL中????
???nL?^??+?L?????*???F¨?*òL???+à
???nL???k?+??à8KLk?8L?B[ū8
KLk?8L?f??+?B???nL?+???La??+???
????f?+?????nL中???????nL?^¨?*ò
L48KLk?8L]f??+?B]μ??ò?J?4 
2*òLa?????nL^????????5à?+??L?
s???ò??4 
3??+???Lk???nLk?KL\#ī??^???n?
?B-???^??????\￡投ò??ǐ???ī??4*òLa???
?ī??B?ī??????4?ī???B?+??La??s???ī?
???4 
4?òéêaà?6:??B8KLk?8L?]f?
?+?B]μ??ò?J?4 
2V???+ 
????+???B?òǎH?-à?+?L?????*???
?8L???^?à?8L?B??8KL???^?*??
??òB5à?6:\_?òéê??48KLk?8L???
^\Q?^?????ò??*??B]μ??òb^???4 
?IJ??? 
???nL?+???B? La???é?&? 5&R?中)*+
=>4 
???nL?+????^??é?&?IJ4 
???nL?+???IJ?&? 2&R?y??????4??ˊ
??ǎH??^?B??????nL?+??|B??ē?Q?1V?
67V????v?F??4 
8KLV?8Lb???nLa???IJ????nL
?+???4IJ????nL?+??\?????nLV8K
LV?8L?nó??4 
中信建投基信金管理有限公司
投












































  
110 
 
?9?:#???nL?+???àV????V??ê?V^
???vy?B?ū????ō?y?9?B?ēê?ō?y??üY?:R
S???k???B8KLīt???B-??\9?RS????b?
YBā??????nL?+??4 
?
?V?F???b????àVê?q????ǎH?
??F???? 
1V??F?q?ō?yy?kFó?aZ???nL?
+???é????Ba?????nL?+???é4\#-]Z?
??nL?+???é???Bà8KLb?8LF????5??B
5?中)*+=>4 
2V:#?F???????nL?+???IJ?ǎ-??B
5???IJ??&R?y?????4 
??F?????à 
n??????B?F?a???- 
1V???nL?+?????? 
2V8KLV?8L|???B? 6 ?%Rmnī8KLVī
?8L§??? 
3V?F?ó??_???? 
4V?:?ō?yb中)*+y??_???4 
?????? 
1V??????-?f??F????à?&? 30??e&R
1?????B8KL????????5?中)*+?*???
??4 
2V???????1-??????1?à8KLV?
8LV?n???:úe??23+??Vō?q中)*+???L
??14??????-?????eL?4 
3V??????|?-???????????M8V?KV
?`V??b?公4??????-x????????限?4 
中信建投基信金管理有限公司
投












































  
111 
 
4V????ê?- 
1?F?????f?|Bà?????????8? 
2\??b???e???KbWē? 
3\?????ab??? 
4?e????? 
5?!+???e￡\??????ü9??B?!ō??e￡\??
??f??ō??Q? 
6ē?????中)*+=>5??? 
7\???????公4 
5V?????Bē???????9???ǖ?
?????V??￡??ǘ5???e?B????nL?n?
??T????公4 
???????? 
??éê中?n:?????q|?????????Z??中ńL
??b)??y??+???e￡??5àō??e￡f??ō??Q??
中)*+=>5??4??????#???????中)*+=
>? 5??e&Rà??????????B??????a?ē??
?????y?理??B5ē????ī?h?????y????4 
??????3q1??M? 
?????3qn:1?à?8LM? 15$?4 
?
?V????ǎH?
?ǎ??LF?B??F?·?I?k??F?n:????
中信建投基信金管理有限公司
投












































  
112 
 
?B?Z?????????Baī?中))?Z±????ū?+?￠?+?
|nJ???y?????B???????rB????ū??h?5\?ǎ
??L?nó??B???à??ǎ§¨4 
??ùK











































  
113 
 
公中5司
 VW"STU理 

?V?8????L 
?8KL 
?-中信建投8Kn??? 
?￡-??r??????????? 30? 1? 
???^L-?? 
1?|?-2013$ 9% 9& 
?D??6:-中)*+ 
?D??10-*,-.2013/11080 
???H-n????? 
23-15000?? 
Z???-Vň?V?????8KV?8Kb中)*
+,-?_?úe 
??











































  
114 
 
?V??úe??K??Húe??K?úe???f????投
Vìú$VMpV?′ü67投w?8úe?Z)e??
?ú*?8K67?D?_?úe4ìúx?????Z???B??Z?限
??x??Z?D???BZ?:9??D?x?D?RS??Z?限??](
??r?úˉ???b??????Z?限?4 
?V?8L\8KL?úe*?bC? 
??8L\8KL?投????*???
?V?8L?￠n:?ō?y?y?bF?ó?B\?投
??V投\???*?4?
ē投#???-?
?投\?ū?n????h????B??)Rx????r?
?ò????V中??V?ú?V???q_?Z中)*+CD?r??
òV?V??











































  
115 
 
?ǖ???&&??ǖ???<ó??????M?BM?]?
#??a????]????=?V?fMVac ?ǘv
kw×<&??$R?ˉ????
??n???????B_ra]?é??a??????
?8KL8K??9?n???????B]?é?
??????
??n??9?B_ra](?é??a?????
 ?8KL8K??9?n?F??B](?é???
?????
??????&????ǜ?B](?é????&
??a???????
?投#F????dL???????T?B](?é
??a??????
??n??9???B_ra](?é??a?
?????
???n?F???F?信???????T?B](?é
????yt??????
??8KL8K??9投#F????dL??????
B](?é_??????yt??????
??a投#信???????????????????4
?n???











































  
116 
 
??????











































  
117 
 
????2V12V19V21?üB??











































  
118 
 
ó????\?￡ˋ?????ǎH4?8L?c×?ǚ????e&R
@AWēc×??ǚ48KLa?











































  
119 
 
????????òV?????ò理公?9?v???|PW??4???a??[]?#投??￥??投?
āb投T?????4?
8KLa??#????投???t ???e&ē???Q??
??8LBM?8Ln???|????C4?8La?c×?
??????e&RBQ?k_??ǎē-?ǎHWēc×???4?
?投??￥?tB8KLa??8Lī???ō
?y?ǐ?n:??Q?信?48KLaM??信??TUVXYB5a
??#???投??tē??信?Q????8L4?
??8La\8KLū?ǐ}?ō?yV投???êVop
???ā????*?B5?C8KLī??n:Q?信?4?8Lē
????-?üYf?op?Bn??ǐ8KL?投??￥?
t??op???k???è????Q?OPB??B?8Ln????
?n:??4?????????1??ùú?B?8L]§¨???
?B5n???中)*+4?
?8KLb?8Lā??1?YBaq|??中)*+!ǐ?
?4???8L?U??*?|?B?]§¨????4???8Lm
n?U??*?|?BüYf?opB?8La§¨?a??4?
V??8L\投中<ò￠?*?-?
?8KL8K??投中<ò￠tB8KL??￠?ōV
?yV*89??y?B?????:#投中<ò￠?op???āb??h
opù司ì>B5Q?ī???8LB?8Lx￠??1?\8K
L投中<ò￠??ābT???*?4?
???ên:*89?????ō?y\投投中<ò￠?
中信建投基信金管理有限公司
投












































  
120 
 
ny??B?_ó?4?
??8Ln?*?8KL??:投中<ò￠|??ō?
yǐ}??Bn:?āV信opV??hopù司ì>?X???Bn:?āV
T????????4?8L??8KL?????ò??ō?yb
Fq???y?Baq|Q??H??8KL?G48KL
a??公b???8L?*?bC?48KLa??:?8???ǐ
??8Lq|?f@AB5q|?G4?8Ln??|\￡?????
??? ???8KL?G4??8KLòy??????











































  
121 
 
???Q???BPW?ǎ??:????V?????8KV投?????
??Vǔ?V??C\V×<ǒ?V1?M8q?ǘUQ???V??V
M8v?ê中???V?eb|?BWM?????BM????n
L???d4?
??8Laǜ?\???ǘúe?*??C?B????V?
C?:??V???V投??V?ǘUQvn:1?B?U???8|?4?
?8KL??8L????ǘúe|Ba??ǐ}?
??V??e???vn:?ō?yBq)?n:??8KV??8KV???
?v???y?4?
?8L\8KL???ǘ???*?ax￠8KL??
8Lī???????ǘ????ǚ??B??8L??8KLē
?投#??ǚ?ü??ǘ??Bn?????4??ǚ?n??B8
KLa??ī?ǚtīt???e&ēī?ǚ????8L4?
??8L\8KLúe??*?bC??n:?è-?
?V?8La?￠n:?ō?y?y?qF?ó?B\?
?a??V?????a??Vac×?V???qc?W?V
cd?公V?:信?ěěV??????中??úè^??￠v?
?*?bC?4?
?V?8L??8KL?投?eq_??eò????V
FV?8??q_?n:y?|Baq|Q??H??8KL?











































  
122 
 
5q|?中)*+??B8KLax?§¨?a??4?
V?8KLa??公b???8L?*?bC?B???y?|
?R???8L5?GB??8L???????k?B\?8
L?y?y?ǐ??中)*+??*????B8KLa??公ī
??:?￠?b?āv4?
?V?8L??8KLn??òy??Ba????中)*+B
F|??8KL?











































  
123 
 
??8LāG?KàB??V??8KL?￠??y???
*??Bkˊ??;V??v?ǎ??8KL??nJ*?B????kZ
8KLīf???]?G?B8KLa??中)*+4?
?V??M8?
???M8????
?V??a??#8KLV?8L??n??4?
?V?8La??M8??4?x￠?ō?yy?VFb
?8??ó?q8KL?G???üB](???Vù?V?公??
???4?
?V?8L?yy????????V??b??Bà8KL?y??
中信建投基信金管理有限公司
投












































  
124 
 
K?ǘ??4?
?????????b8K?
?V?8L????_?ú67???????B5?￠
8KL?y????Kc?4???ì?˙?à?8L
??VM8b?4?
?V???????b?B?#????úe???4?
8Lb8KL](?????????_???????](?
???????úeü?限?4?
?V???????b8Ka?n:?ō?yq??ú*?8K6
7?n:y?4?
???????????b8K-?
?V?8L?8Lb管??ǎH?中)????n?
???????????????????4?
?V?8L?8L????中)????n???????
???????????????B#??4?
?V?????b?B?#????úe???4?
8Lb8KL](f?b?Z\ǎF????????????]
(????????úeü?限?4?
???8?????b8K?
?VFIJ?B8KL????? !5?(???)?
??Fú??rs????B5?^??????8L???
???中?)?????n???????????rs??8??B5à
?8L????????公q???4?
?V8KLb?8La?????\ü???)???)?r
s@????BGà?8LM8B8KLM??4?
?_??????b8K?
??8??IJ??B??,????ō?yy?bFó
??_?投?ǘ?投úe|B???q?:?????b?Bà8K
L???8L?￠n:?ō?y?y?bF?ó?B??n:??4
中信建投基信金管理有限公司
投












































  
125 
 
????n:y??58K4?
???投?n:U金V???











































  
126 
 
??8KLBà8KL\?a???4?
?V?￠???B8KL??5????aB?8L?CV
??8KL?????a4??B?+???ǎū8KLB
??n:?+???B?Z?:?ǎ??v???????B?ā??
1?Y???B?y8KL\??a?????\ü???4?
???aǎ??
?V?a\??
￡?n??òV?V?b???ǘ?Vacǘ?V??











































  
127 
 
?ǘBF??a-?
?\???￡rs?r??k???????cd?ǘ?ny???üB
????ǎ?a67ī???a?ǘ?&??a?`???a??
?\???￡rs?r???-???B??a&c?`??-???
c?`中￡??ac???(×??`???a??a&mn???B???
??&?Z±3′??I????B?????&c?`??-???c?`
中￡???ac??(×??`???a4?????&?Z±3′?I??
????B-????投?ǘ???r`q??????B?Y????r`B
W???`???
?\???￡rs????????bí?Bˊ ?a??W?
??`aB??a???-?????`a???B?1?a??
?\???￡rs????rk???????B\??限?rs???
B限?rs??Z?Y??`e???&???`a?\#限?rs?`?
??^??&??`a???B\rs?`???YWē??&???`
a?\#]??rs限?krs限??????Bˊ ?a??W?_??`
a4?
????rs?????cd?ǘB????ǎ?a67ī???a?
ǘ?&??a?`???a4\???rs??rB???ǎ?a67?ī??
a`???B?1?a4?
???











































  
128 
 
8KL-?￠??????8L???B???????`a?`??
a4?
?投?????aC?Bxy)Rx????r??ò??4?
???:?ō?yq*89?n??y??B?_y?4?nī???B
?)??īy??a4?
?8KLk?8L???aò?F?P??aǎ?Vê
?q?:?ō?y?y?kw?????????nL?d|Ba????
\ǎB?F?P??B?ǎ????4?
??a??ùK?
?V??a???投L?1ùú?a?à8KL§¨B8K
L\]aà_§¨???Bn??é?L??4?
?V?8KL?????aV?????a"à?8L
?CWē????Bà??1?投Lk?ùúBa?￠?ō?y?y?\
投Lk????B?U??投Lk??????Bà8K
L??8L?y8K??b?8???T???§¨?a???4?
?Và#?ǎ??Lī??信???B??ǎ??L?ˊ????K??
è??]??????B?·üY??aV???a?????1投
Lk?ùúBqà??1???&??aV???a??
ο;??·???投Lk?ùúBàī???信????L?ǎ???
?4?
?V8KLk?8L?Fy???aǎ???????a|B
￡?1???]e???a??ùK??
à#]-????Bkà#?











































  
129 
 
8KL??????D\ü??Bà??1?ùúà8KL§¨???
?B?8L]?????4?
??3?建??
?V8KLb?8L?FIJ?Ba?y?:?ǎó??F
???ǎ?b+?ùK??B??????司V??bM8????3B
\?:?ǎ????3?











































  
130 
 
?$ā??X1?&Bēn:??ī??8L?CB?8L?c×?
??&R?CB5ē?C??Q???8KL4?F?IJ]???%
?B8KL-]ō??4?
?V?8L?\?e+???V?āV中?M??
?V8KLV?8L???|?XYM????V???V
?3V????b??FvBM?











































  
131 
 
T??8L4?
?V8KLk?8L???B?????ǎn?e????L?￥
?n:1?4?
?V????ǎH?
?VFqF??ǎ???b?eˋ中ńL??b)?ō?
F???B]????V??b?И?ōB5?y中ńL??b)?ō??4?
?V??F?I?q?Fn:???BΔю?ǎ?a??????
?]1?Baī?中))?Z±????ū?+?￠?+?|nJ???y??
???B???????rB????ū??h?5\?ǎ??L?nó??B
???à??ǎ§¨4?
?V??ùK4?
?V?8????????
?F????
??8L??Vx???ňV??kà_??8L?8
???
?8KL??Vx???ňV??kà_?8KL?88
K???
??I?ō?ykFy??????4 
中信建投基信金管理有限公司
投












































  
132 
 
公中5建司
 X+,YZ" 
 
8KL§?????nLī???b-???e48KLē?
￠???nL???brs???B?ǜk???e??B5????4
8KL???eRS?- 
?V??信?ěě?e 
1Věě8KL信?? 
2Věě信?? 
3V_?信??ěě4 
?V\??e 
1V\?信?? 
2V_??4 
?V???e 
1V??信??? 
8KL￡8K????nLB?n8KL???????
q????4????nLǎ???B??????ēb??????
\a4???nL????e中?b8KL理??-???????
?V??k??0??L???B????信?B??L??V
?ǘV??V投cd?v4 
2V????信???? 
???nL-????8KL理?????????信?B?管
o??V??vvBl-??×?ň理?kY????e中?Bà?eL?ī
??:?e4???????nL??dB????0?V?????信
?v??信????à???nL??×???ň?理???4 
3V信??? 
???nL-?8KL理?????￡???信?B??8
KLī?Vrs??V信?vǎ??RS4 
?V投??e 
1V?????投?e? 
中信建投基信金管理有限公司
投












































  
133 
 
2V?











































  
134 
 
公中5中司
 [\]GH^_ 
 
8KL# 2020$ 12% 23&ěě?中信建投8Kn???:#
????t??管ň?n????KВ?:ň?úe????V?中信
建投8Kn???:#В9?投:管ǎ§ň????? 
8KL# 2020$ 12% 30&ěě?:#中信建投8Kn???
В9??ǜ????M?ň?n?????ň675???











































  
135 
 
8KL# 2021$ 3% 5&ěě?:#中信建投基信金管理有限公司

投?9??ň67???











































  
136 
 
公中5司
 `#abcdefghij 
 
NOPQ???Ba???司=#8KLV?8Lbň?6
7??￡B投w-??ú|?????4??????B-?K|?R?
(??1??˙?4投wl-????8KL?理?
www.cfund108.com????4\投w???ǎH￡'(?1?q_?˙?B
8KLb?8LaM?￡???RSX??Y4 
中信建投基信金管理有限公司
投












































  
137 
 
公中5基司
 kglm 
 
=?1????8KL???s￡B???|?-?????4 
?中)*+D?中信建投基信金管理有限公司
投
23?1? 
??中信建投基信金管理有限公司
投F? 
??中信建投基信金管理有限公司
投?8??? 
??ō??Q 
?8KLúe???V?ú?yb???ê 
??8Lúe???V?ú?y 
?中)*+?ǐ?_?1? 
??ǎH-投L-??ú|?????Bl-??????˙?4 
 






 
 
 
 
 
中信建投8Kn??? 
2021$ 4%
和讯恭候您的意见 - 联系我们 - 关于我们 - 广告服务